The Central Bank of Nigeria (CBN) may lose the battle in defence of the Naira, if the growing demand for the Pound Sterling and the Euro by speculators was not checked According to a foreign exchange market specialist, the excessive demand for the Sterling and the Euro, by speculators for currency trading conversion may, cause distortions on the established stable ...
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Licence renewal: BDCs seek extension of January deadline
The Association of Bureaux De Change Operators of Nigeria, the umbrella body of over 3,500 BDC operators, licensed by the Central Bank of Nigeria, has called on the regulator to extend the January 31 deadline set for the renewal of operating licence of its members to March 31, 2018. This was part of the resolution made at the end of ...
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