Tagged: Central Bank of Nigeria

The emergence of E-Naira - an Era of Digital Currency and an end to Bureau De Change Operation in Nigeria. 0

The emergence of E-Naira – an Era of Digital Currency and an end to Bureau De Change Operation in Nigeria.

Over the years, Foreign exchange regulation and management have been one of the dominant challenges faced by Nigerians due to influence from Bureau de change and this has been one of the problems CBN including commercial banks has been facing when it comes to direct disbursement of foreign exchange. However, As the rate of Cryptocurrencies and stable coins acceptance increases...

The Future of Bureau De change as Central Bank Of Nigeria Introduces E-Naira 0

The Future of Bureau De change as Central Bank Of Nigeria Introduces E-Naira

  The fate of Bureau de change in Nigeria is in a pitiable state as the Central bank of Nigeria is about to introduce the new e-Naira digital currency which will help regulate the illicit exchange of foreign currencies by BDCs in Nigeria. I can categorically tell you that the Central bank of Nigeria (CBN) is very keen on its...

Bureau de change 0

The Abolition of Bureau De Change by CBN And Nigeria’s Own-Goals

  The Abolition of Bureau De Change by CBN And Nigeria’s Own-Goals The Central Bank of Nigeria has decided to take the bull by the horn by taking a huge step into ending the inane sales of different foreign currencies to Bureau De Change operators. According to the Central Bank of Nigeria, The reason for such a decision is that...