CBN To Suspend License Of Banks, Limits BDCs To $25,000

The Central Bank of Nigeria (CBN) has announced that it will suspend the dealership licenses of any Bureau de Change (BDC) operators or Authorised Dealer banks found diverting funds or violating its newly implemented foreign exchange trade guidelines. In a statement issued on Tuesday, the CBN, through its Acting Director of Trade and Exchange Department, […]

Bureau de Change to purchase forex from a single authorised dealer per week with new CBN guidelines

worldstagenews.com - 06/Feb 13:12

WorldStage Newsonline– The Central Bank of Nigeria (CBN) has issued new guidelines restricting Bureau de Change (BDC) operators to purchasing...

CBN To Sell $25,000 To BDCs Weekly

itvradiong.com - 07/Feb 04:37

The Central Bank of Nigeria has issued new guidelines restricting Bureau de Change operators to purchasing a maximum of 25,000 dollars per week from a...

CBN Governor Issues Stern Warning on Compliance with New Foreign Exchange Code

newsflashuk.com - 29/Jan 10:43

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has issued a stern warning to commercial banks and Bureau De Change (BDC) operators,...

CBN extends forex sale period to Bureau de Changes by four months

worldstagenews.com - 03/Feb 21:25

WorldStage Newsonline– The Central Bank of Nigeria (CBN) has extended the Foreign Exchange (FX) sale period to Bureau de Change (BDC) operators...

CBN extends timeframe for BDCs to buy $25,000 weekly from banks

nigerianeye.com - 04/Feb 14:59

‘Purchase $25k weekly from one bank, render returns’ — CBN issues FX guidelines for BDCs

nigerianeye.com - 06/Feb 10:26

Bureau de Change operators commend CBN on waiver of 2025 licence fees

worldstagenews.com - 29/Jan 18:46

Bureau de Change (BDC) operators have praised the Central Bank of Nigeria (CBN) for waiving the 2025 licence fees for operators. They spoke under the...

Naira Appreciates Further After CBN’s New BDC Directives

businesstodayng.com - 07/Feb 03:29

The naira appreciated further in the parallel market, popularly called black market, on Thursday, a day after the Central Bank of Nigeria (CBN) issued...

CBN stops free withdrawals for customers using other banks’ ATMs

newsclickng.com - 14:05

The Central Bank of Nigeria (CBN) has announced that customers will now incur charges when using Automated Teller Machines (ATMs) of banks other than...

CBN Says 91% Of Corporate Loans Performing

planet101fm.ng - 03/Feb 11:04

The Central Bank of Nigeria -CBN has said that about 91 percent of loans obtained from banks by companies are performing. In its latest credit...

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