LAGOS MARCH 26TH (NEWSRANGERS)-The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at N1,251/$. This was contained in a circular made available to The PUNCH and signed by the bank’s Director, Trade and Exchange Department, Dr Hassan Mahmud on Monday. The apex bank directed each…
LAGOS JULY 29TH (NEWSRANGERS)-The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced the discontinuity of forex supplies to the Bureau de Change Operators in the country. The CBN Governor, Godwin Emefiele, announced the end of forex sales and new licence approval after…
LAGOS JULY 29TH (NEWSRANGERS)-Nigeria’s central bank is halting dollar sales to exchange bureaus, saying they have become conduits for graft and illicit flows of money. “It is a huge hemorrhage on our scarce foreign exchange reserves and it cannot continue,” the bank’s governor, Godwin Emefiele, said on Tuesday. The decision by the central bank, which…