Connect with us

Hi, what are you looking for?

TVCE Articles

CBN stops sales of Foreign Exchange to Bureau de Change

CBN-EmefieleThe Central Bank of Nigeria will no longer sell foreign exchange to Bureau de Change in the country, according to the CBN Governor Godwin Emefiele.

The CBN had severally alleged the practice is affecting the Naira negatively.

The CBN hitherto sold $30,000 per week to the about 2,618 registered BDCs in Nigeria who apply. The CBN allows them to sell at some 3.5 per cent margin to keep afloat.

Author

You May Also Like

Entertainment

Funke Akindele is not one to leave the cinema calendar empty for long. After a run that has rewritten what Nigerian audiences expect from...

Entertainment

For years, African films have travelled to London without necessarily having a place to call their own. They have appeared at film festivals, screened...

Entertainment

Davido has taken his concerns about the upcoming Osun State governorship election beyond Nigerian social media, addressing an open letter directly to United States...

Celebrity Gossip

When Martins Iyeh walked into the Big Brother Naija Season 11 house on 26 July 2026, he set his own terms. The 30-year-old visual...

Copyright © TVCCommuniation owner of TVC Entertainment