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 […]
Tag: bureau de change
Foreign reserves drop by $396m in two weeks
January 17, 2016/Punch The stoppage of foreign exchange sale to Bureau De Change operators has failed to prevent massive decline of the nation’s foreign reserves, which dropped by $108m three days after the move by the Central Bank of Nigeria. The rate at which the reserves fell in the three […]
Naira crashes to 300 against dollar
January 13, 2016/Punch Monday’s stoppage of foreign exchange sales to Bureau De Change operators by the Central Bank of Nigeria failed to lift the naira on Tuesday as the currency exchanged for 300 against the United States dollar in Kano, 290 in Lagos and 292 in Abuja. Financial experts said […]
