The subject of forex subsidy to bdc operatorsreason for nairaappreciation finance encompasses a wide range of important elements. Nairaappreciation: There is a lot of forex inflow into the interbank .... The Bureau De Change (BDC) operators have attributed the recent strong performance of the naira to the implementation of the Central Bank of Nigeria (CBN) policy which allows authorized dealers to sell foreign exchange directly to these licensed currency traders. Forexsubsidy to BDC operators reason for Naira appreciation - Finance .... Furthermore, a financial analyst, Kalu Aja has said the Naira appreciation in the foreign exchange market is due to FX intervention by the Central Bank of Nigeria to Bureau De Change operators. Naira strengthens as CBN’s forex policy boosts investor confidence-BDC ....
The recent appreciation of the naira against the dollar has been attributed to the Central Bank of Nigeria’s (CBN) revised policy, which allows authorized dealers to sell foreign exchange directly to licensed Bureau De Change (BDC) operators. Naira Appreciation: Increased Forex Inflows Boost Interbank Market, Say .... The recent strengthening of the Nigerian naira has been attributed to a surge in foreign exchange (forex) inflows into the interbank market, according to Bureau De Change (BDC) operators. Bureau de Change Operators List Reasons for Naira's Recent Appreciation ....
Additionally, the Association of Bureaux De Change Operators of Nigeria (ABCON) has commented on the recent rise in the value of the naira against the US dollar in the official exchange market. CBN Limits BDC Forex Purchases, Targets Speculation • Okay.ng. The Central Bank of Nigeria (CBN) has taken a significant step to curb forex speculation and stabilise the naira by issuing new guidelines that severely restrict Bureau de Change (BDC) operators.
In relation to this, abokiFX News | Forex Updates. The apex bank had in December 2024, introduced a revised guideline that permits licensed BDC operators to purchase foreign exchange directly from Authorized Dealers as part of its move aimed at streamlining Nigeria’s forex market enabling the naira to reflect its true value. CBN Approves $20,000 Allocation to BDC Operators to Boost Forex .... In a fresh move to address forex liquidity challenges and meet growing demand, the Central Bank of Nigeria (CBN) has approved the sale of $20,000 to each qualified Bureau De Change (BDC) operator at a rate of N1,580 per dollar.
Recall that on Monday, CBN sold $10,000 to each BDC at N1,251 per US dollar. Forex market: BDC operators warn that speculators will resist naira .... Currency traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have warned that forex speculators will resist the rapid appreciation of the naira to cover their losses.
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