Witicles Experts Online Articles Directory
     
Witicles Experts Articles Directory Witicles Experts Articles DirectoryWiticles Experts Articles DirectoryWiticles Experts Articles Directory

Welcome, Guest!     Sign Up    Sign In
Sponsored Ads

Create Free Website or Blog with Hubpile

The Intelligent Entrepreneur






Author Box


Abiola Benjamin ObayomiAbiola Benjamin Obayomi
Real Estate is my Profession. The change we need in Nigeria begins with all of us doing things differently. Collectively, we can make Nigeria work.
Joined 4 years ago
From Ile-Ife, Osun State
Total Articles 216

Recent Articles From Author

# Nasir El-Rufai: Choosing Between What Is Popular And What Is Right
# SUCCESS SECRET: LET YOUR MIND BE ON THE FINAL PRIZE
# THE MINDSET OF FAITH: TRUST GOD BY ASKING HIM FOR YOUR NEEDS
# BREAK FREE FROM EVERY DOUBTS AND SELF-LIMITING BELIEFS

Namecheap.com Namecheap.com



Become A Witicles.Com Expert Contributor Today



Shop for Books online in Nigeria at kpiBooks.com.ng Order your favourite books online now, Save the stress & Pay online or with cash at Your Doorstep!


We help our esteemed clients develop web strategy that works!
Call us @ +234 803 578 3880




Authors Spotlight
Gboyega Adedeji  Gboyega Adedeji
Gboyega Adedeji is a Veteran Writer on Witicles.comVeteran Author
238 Articles
   I am a Nigerian and an Ambassador of Christ sent to Nigeria for the cause of His Kingdom. By divine-making, I read, teach and ... from Abuja, Nigeria


Free Online Articles Editor  Free Online Articles Editor
Free Online Articles Editor is a Veteran Writer on Witicles.comVeteran Author
137 Articles
   We challenge the minds of people towards mental and attitudinal shift and National transformation. We are the Editorial team of Witicles.... from Abuja, Nigeria


Abiola Benjamin Obayomi  Abiola Benjamin Obayomi
Abiola Benjamin Obayomi is a Veteran Writer on Witicles.comVeteran Author
216 Articles
   Real Estate is my Profession. The change we need in Nigeria begins with all of us doing things differently. Collectively, we can make Nigeri... from Ile-Ife, Osun State


Omolara Adedeji  Omolara Adedeji
Omolara Adedeji is a Veteran Writer on Witicles.comVeteran Author
60 Articles
   I am a kingdom expander and I believe in the testimony of a transformed life as the greatest testimony of all. I am a voice of God for m... from Abuja, Nigeria



Sell Your Books online in Nigeria, Earn 80% from book sales


Top Articles
CONSAT: Nigeria DTH Cable Television That Challenges DsTV, MyTV, Startimes and Others
Top 10 Reasons for Nigeria's Undeveloped Economy
INSIGHTS On Tithes & Offerings from Brother Gbile Akanni
The Pyramid of Friendship: Secret of Effective Relationships
The Quick Fix for Nigeria's Underdevelopment and Unemployment


Recent Articles
Nasir El-Rufai: Choosing Between What Is Popular And What Is Right
SUCCESS SECRET: LET YOUR MIND BE ON THE FINAL PRIZE
THE MINDSET OF FAITH: TRUST GOD BY ASKING HIM FOR YOUR NEEDS
BREAK FREE FROM EVERY DOUBTS AND SELF-LIMITING BELIEFS
JUST A LITTLE PUSH


Recent Comments
Ailsa Swan
CONSAT: Nigeria DTH Cable Television That Challenges DsTV, MyTV, Startimes and Others
14 hrs ago I have never owned a blog before but I decided that I would start to date girls online and I thought why not make a blog about it. So what can I tell you about myself? The last relationship I was in was 3 years ago. http://celebraties4u.com http://escortingurgaon.co http://gurgaonnight.com http://callgirlingurgaon.net http://escortsinmahipalpur.com

Nitya
BREAK FREE FROM EVERY DOUBTS AND SELF-LIMITING BELIEFS
5 days ago Hello Abiola Sir, I have bookmarked this post just to explore every single details and knowledgeable article for me. I was looking for the best stuff and suddently found it. I just appreciate your hard work and wishing for extra good stuff like this. url=http://www.witicles.com]Articles[/url]

Daisy
BREAK FREE FROM EVERY DOUBTS AND SELF-LIMITING BELIEFS
5 days ago Hello Abiola Sir, I have bookmarked this post just to explore every single details and knowledgeable article for me. I was looking for the best stuff and suddently found it. I just appreciate your hard work and wishing for extra good stuff like this. http://www.missjuliescorts.com

Site Clouds
Witicles, Articles, Webnigerians,Experts, Submit Articles, Become A Writer, Writing, Technology, Leadership, God, Government, Management, Nigeria, Society, Culture, Authentic Articles
Social Sharing



Sponsored Ads


Namecheap.com
Article Category >>>Business and Economy

Forex: CBN Slashes BDC Rate From N390 To N360

By Abiola Benjamin Obayomi       Mar 29, 2017


Forex: CBN Slashes BDC Rate From N390 To N360

The Central Bank of Nigeria (CBN), on Tuesday slashed the rate at which it sells forex to Bureaux De Change (BDCs) in Nigeria to N360 and directed the BDCs to sell to end users at not more than N362 to a dollar.

This is coming barely 24 hours after the CBN directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users at not more than N360 to a dollar for invisibles such as school fees and medicals.

The CBN Acting Director of Corporate Communications, Isaac Okorafor in a statement, said that the CBN, under the new policy, will sell forex to the licensed BDCs at the rate of N360 while they will in turn sell to customers at a rate not more than N362 to a dollar.

Okorafor said the objective of the new forex sale policy was to ensure a convergence of the rates in the interbank and BDC, stressing that the CBN remained committed to ensuring transparency in the market as well as fairness to end-users, many of who hitherto experienced challenges in accessing foreign exchange.

He therefore urged licensed BDCs to play by the rule, cautioning that the CBN would not hesitate in sanctioning any erring dealer.

Meanwhile, the CBN spokesman also disclosed to newsmen that the sum of 100 million dollars offered to authorised FOREX dealers in the interbank wholesale window to meet the requests of genuine wholesale customers was fully subscribed at the auction on Tuesday.

Okorafor reiterated his call to all stakeholders to play their respective roles in ensuring a smooth running of the foreign exchange market for the benefit of the Nigerian economy.

The Dollar seems to have stabilised at N370 to a dollar at the black market in Abuja.

(NAN)



From Witicles.Com: Thank you for the gift of your time. We appreciate you for reading this article published by Abiola Benjamin Obayomi. Witicles.Com is indeed your partner for your growth, effectiveness and maturity.

486 Views


If you need to re-publish this ARTICLE, please cite this article - (http://witicles.com/forex-cbn-slashes-bdc-rate-from-n-to-24591.html) and the Writer (Abiola Benjamin Obayomi)

Do You Find This Article Helpful?


Article Tags: CBN, Forex, Witicles
Save the Stress, Shop for Books Online in Nigeria - kpiBooks.com.ng
Article Source
Abiola Benjamin ObayomiAbout Abiola Benjamin Obayomi
Abiola Benjamin Obayomi Abiola Benjamin ObayomiAbiola Benjamin ObayomiAbiola Benjamin ObayomiAbiola Benjamin Obayomi

  Real Estate is my Profession. The change we need in Nigeria begins with all of us doing things differently. Collectively, we can make Nigeria work.


Social Sharing

If You Enjoyed This Article; Then, Share It On Your Social Network





     Copy This Short Link To The Article: http://i.witicles.com/V4hUX Forex: CBN Slashes BDC Rate From N390 To N360Forex: CBN Slashes BDC Rate From N390 To N360Forex: CBN Slashes BDC Rate From N390 To N360Forex: CBN Slashes BDC Rate From N390 To N360



Post Comment


Article Comments

No comment found! Be the first to share your thoughts on this article!



Namecheap.com
Related Articles




Author's Articles

" " " "




Related Books

Living Rich for Less: Create the Lifestyle You Want by Giving, Saving, and Spending Smart

Full Steam Ahead!: unleash the Power of Vision in Your Company and Your Life

Start Your Own Business

The 100 Absolutely Unbreakable Laws of Business Success







Home | Advertise With Us | About Us | Contact Us | How To Submit Articles | Article Writing Tips | Webnigerians.com | kpiBooks.Com | Our Sitemap: XML HTML

Copyright © 2013-2017 Witicles. All rights reserved.