Naira Continues To Fall In The Face Of BVN Requirement For Foreign Exchange.

By admin on

Share on facebook Yahoo mail icon Gmail icon

Views: 886


Due to the refusal of customers to submit their Bank Verification Numbers to the Bureau De Change for foreign exchange transactions, the naira has continued its fall against the dollar.
The development has led to the growth of the dollar, causing the naira to drop to 235 naira.
The Central Bank of Nigeria had made the use of BVN, mandatory for sale and purchase of foreign exchange by banks and Bureau De change on Nov. the 1st.
However, customers have refused the development for fears of possible exposure to attacks by fraudsters, which has led to the low patronage of the BDCS.

 

Posted on November, 9 2015

Share on facebook Yahoo mail icon Gmail icon


You may also like...
Fire Military officers in charge of Boko haram...

Do not misuse the GEEP loan, Ikpeazu tell...

PDP says Convention still holds as scheduled

Reps Move to review minimum wage every 5years...

Excitement in Umuahia and Aba as Prestige Ossy...

Senate's Appeal will not stop my resumption -...

Property destroyed as two Tankers Collide at Aba...

2019: Atiku can’t return Imo to PDP –Okorocha...

Giwa resumes at NFF office amidst chaos

Setif claim second Champs League crown

Igbo Leaders call for restructuring, constitution review

Jega deploys 6 INEC Commissioners for Imo guber...
News Abia Election Special (3) Abia Supplementary Polls Update (18) Abia Supplementary Result update (22) Appointments (8) Breaking News (196) Business (42) Campus News (3) Crime (124) Economy (112) Education (128) Entertainment (148) Fashion and Style (3) General (834) Health (109) Inside Africa (41) International News (303) Interviews (28) National (1952) Politics (982) Press Releases (116) Religion (9) Security (128) Sports (431) Technology (24) World News (87)

 

 

Advertisement

 

Latest News Buhari has already lost February 16 poll - Obaze President Buhari congratulates new NLC leadership CCB refuses access to Kyari, Amaechi, Fashola’s asset declaration forms Group Writes Buhari,Warns Orji Uzor Kalu Over Plot to Kill Abia Deputy Governor 739 Town Unions Adopt Governor Okezie Ikpeazu For 2019 Why Buhari didn’t ask voters to back APC candidates in Imo — Presidency 2019: Hold Buhari, APC responsible if polls go wrong – PDP Magu, Momoh, Dabiri-Erewa, others bag awards in U.S APGA presents flag to Nwaka, back Okowa for 2nd term FG after my life- Ortom

 

Most Read Islamic agenda for Nigeria – Pastor Bosun (24,513 views) 47 YEARS AFTER, HIS EXCELLENCY, COMMODORE EBITU UKIWE (Rtd) MAKES THE “OFO NDI IGBO” RECIPIENTS LIST (17,644 views) The show of shame that sealed Justice Uzokwe’s fate (17,632 views) Breaking News : Dr Okezie Ikpeazu resigns from Abia State Environmental Sanitation Agency (ASEPA). (7,853 views) Lawyers accuse Lagos Police of working for PDP (7,451 views) Radio Biafra delivers AM Transmitter (7,213 views) ‘Why fuel scarcity persists’ (6,300 views) Abiriba Kingdom Celebrates as Eze Kalu Kalu Ogbu (IV) marks 14th year on the throne (5,993 views) Nurse Justina Obi Ejelonu, one of the nurses that contracted Ebola virus is dead!!! (5,854 views) Cojoined Twins Abby And Brittany Hensel Pose in Bikini (5,694 views)