By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday said it would refund N35 million of Mandatory Caution Deposit to all Bureau De Change operators. “All eligible BDCs may wish to apply for refund of their caution deposits, attaching evidence of payment and bank transfer details,” the CBN […]
Money Market
Dollar scarcity hits Nigerian banks
January 23, 2016/Punch Bank customers are now unable to withdraw dollars from their domiciliary accounts amid worsened scarcity of the currency in the financial services sector, Saturday PUNCH investigation has revealed. With the situation, business persons and individuals are complaining that they cannot get dollars from their banks to do […]
BDC operators import dollars from Ghana, Benin Rep, others
January 23, 2016/Punch There are indications that Bureau De Change operators in Nigeria have been importing dollars from neighbouring Ghana, Benin Republic and others to make up for the scarcity of the currency in the country. According to Saturday PUNCH investigation, some operators were forced to engage in the practice […]
