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May 12, 2021
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The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to review the transaction margin for Bureaux de Change (BDCs) above the current N2 per dollar for the sustainability of operators’ businesses. The BDCs buy dollars from the CBN at N390/$1 and are expected to sell to end […]Continue Reading
Business News Top Stories
The Central Bank of Nigeria (CBN) has opened investigations into bank accounts of companies involved in the trading of cryptocurrencies with the intention of blocking those with suspicious transactions and fraud. A top central bank official while giving THISDAY more insight into last week’s decision mandating banks to close all accounts belonging to cryptocurrency traders, Continue Reading
Business News Top Stories
Business cycle is a feature of the economic growth process. Business cycles refer to fluctuations in output, which define whether an economy is in boom or burst. Both developed and developing economies have to contend with each phase of the cycle with distinct characteristics. The boom period is characterised by high gross domestic product (GDP) […]Continue Reading