Connect with us

Hi, what are you looking for?

TVCE Articles

Bureaux De Change operators urge CBN to lift ban on dollar sales

naira n dollarBureaux De change Operators want the Central Bank of Nigeria to reverse its decision not to sell US Dollars to their members.

They maintain that the apex bank can address forex challenges through other financial strategies.

Governor of the Central Bank of Nigeria, Godwin Emefiele, announced earlier this week that the apex bank has cancelled dollar sales to Bureaux de change operators.

Advertisement

The announcement has generated reactions from concerned parties.

But,the Central Bank maintains that the move will stabilize the forex market.

BDC Operators say the CBN’s action denies them forex for legitimate activities.

Advertisement

Forex operators insist that the CBN’s order has fuelled parallel market exchange rate from N270 to more than N300.

Currency traders also want continuous engagement with the apex bank to resolve all contending issues.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Music

Nigerian singer and songwriter Omah Lay has generated excitement among fans by announcing the release date for his upcoming project.

Celebrity Gossip

Nigerian music star Asake has achieved a significant milestone by surpassing Burna Boy for the most entries on the Billboard U.S. Afrobeats Songs chart.

Music

Nigerian music star Fireboy DML has officially announced the release date for his fourth studio album, titled Adedamola.

Entertainment

Justin Bieber and Hailey Baldwin are now parents! The 30-year-old pop star and his 27-year-old model-entrepreneur wife welcomed their first child, a baby boy...

Copyright © TVCCommuniation owner of TVC Entertainment