Sellers above $10,000 to BDC should declare source – CBN
Abuja, Feb. 25, 2024: The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) ...
Tag: Dollars
Trillion dollar economy possible in Nigeria – Tinubu
President Bola Tinubu has said leveraging the nation’s population and resources, with main focus on unleashing Nigeria’s full economic potential, ...
Nigerian, other nationals arrested over fake $1bn
Abuja, Sept. 1, 2023: The Central Bank of Nigeria (CBN) warned banks and other financial institutions of the arrest of ...
OPEC reports decrease in Dollar index by 1.6%
Abuja, Aug. 12, 2023: The Organisation of the Petroleum Exporting Countries (OPEC) has said the U.S. dollar index decreased by ...
40% of bank savings now in dollars in Nigeria – IMF
Over 40 per cent of deposits in local banks are now in United States (U.S.) dollars, the International Monetary Fund ...
Dollars in trouble as nations adopt alternative
The global de-dollarization campaign is gaining momentum, as countries around the world seek alternatives to the hegemony of the US ...
Kenya faces shortage of dollars
The Kenyan economy is facing a biting dollar shortage as the shilling dropped to a record Ksh123 against the greenback ...
BDC suspension worsens dollar scarcity
The Association of Bureaux De Change Operators of Nigeria (ABCON) says the widening gap between the official and parallel market ...
Nigeria to earn $200bn from non-oil exports
The Central Bank of Nigeria (CBN) has announced policies, plans and programmes for non-oil exports that will enable Nigeria earn ...
Reject old, smaller denomination U.S dollars at your risk, CBN warns DMBs, BDCs
CBN moves to correct vexatious rejection of old, lower denomination of American currency, dollars.
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