CBN Adjusts Naira: Dollar Exchange Rate to ₦380 for $1
The Central Bank of Nigeria has revised the Naira-Dollar exchange rate for one of its forex windows. A dollar is now being sold for ₦380 at the Investors and Exporters (I & E) window of the country’s foreign exchange markets. The new regime replaces the previously existing rate of ₦360/$1. Read more about Business In […]
Bureaux De Change, Oriental Hotel: Foreign Exchange Made Easy
Where’s your go-to place for foreign exchange transactions? How about getting your currencies exchanged at an officially recognized FOREX dealer, located in the convenient setting of one of Lagos’s well-known spots? One that guarantees you top quality service in an easily accessible space? This is what the Bureaux de Change at the Oriental Hotel, Lagos, […]
Importing Foreign Currencies Without Our Authorization Now Illegal – CBN
“Importing foreign currencies without our authorization is now illegal,” says The Central Bank of Nigeria (CBN), in a move following the withdrawal of operating licenses of 20 Bureaux de Change (BSCs). In a statement by the CBN, signed by its Director of Corporate Communications, Mr Ugo Okoroafor, it states that, “BDCs purchased and sold huge […]