BDC Archives - Biztellers

NCDMB, NEXIM Bank sign deal on US$30m Working Capital Fund for Oil Firms

Forex: Naira Slides To N1,060/$

Nigeria’s domestic currency, the Naira has continued to slide downwards against the US$. The sustatained upward demand has helped continued to weaken the local currency against...

Banking3 years ago

billions lost as naira makes sudden bounce, drops to N540/$

Modupe Asudo with agency reports LAGOS-THE naira has appreciated further in the parallel market as the dollar was sold for N540 on Wednesday, with traders saying...

Finance9 years ago

Again,Naira in free fall, slides to 280 against dollar

ABUJA-THE naira continued its free fall on Thursday, crashing to 280 against the United States dollar at the parallel market. The greenback sold for N269 on...

Finance9 years ago

Free fall:Naira depreciates further to N270/dollar in parallel market, as CBN cuts BDC supplies by 66%

By Yemie ADEOYE with Agency reports LAGOS-THERE seems no end in sight to the ongoing abysmal fall of the Naira against the greenback as the embattled currency...

Finance9 years ago

CBN halts branch operations by bureaux de change

…to saction BDCs operating outside registered office By Jonah Nwokpoku LAGOS-THE Central Bank of Nigeria, CBN has ordered bureaux de change (BDCs) to close all branches...

Finance9 years ago

Nigerian Banks to commence sale of foreign currencies to travellers

By Yemie ADEOYE LAGOS-MONTHS after subjecting their customers across the country to harrowing experiences in their quest for foreign exchange Deposit Money Banks in Nigeria the country...