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BDCs battle black market dealers over forex malpractices -Vanguard News

  The Bureaux De Change (BDC) operators licensed by the Central Bank of Nigeria (CBN) have declared operational war against foreign exchange (forex) speculators and black market dealers over alleged market distortions. Speaking during a virtual meeting with members of the Association of Bureaux De Change Operators of Nigeria (ABCON) across all the six geo-political zones in Nigeria, ABCON President, Alhaji (Dr) Aminu Gwadabe, said the BDCs will not allow forex speculators and street hawkers to...
Aminu Gwadabe Peter Egwuatu Exchange Rate Central Bank Kindly Share This Story Bureaux De Change

BDC operators declare war against forex speculators, black market dealers

Friday, 25th March 2021, the exchange rate between the naira and the US Dollar closed at N409.75/$1 at the Investors and Exporters window. Naira depreciated against the US Dollar on Thursday, 25th March 2021 after witnessing two consecutive gains at the NAFEX window to close at N409.75 to a dollar. This represents a 0.24% decline, when compared to N408.75/$1 recorded on Wednesday, 24th March 2021. However, in the parallel market, the naira remained relatively stable, as it closed at N486/$1, wh...
Abuja Federal Capital Territory Aminu Gwadebe Financial Crimes Commission Bureau De Change Exchange Rate Association Of Bureau De Change Operators

Automatic Stock and Treasury Adjustments? There's an ETF for That

February 24, 2021 Retail investors doubling as ‘do-it-yourself’ portfolio managers can orchestrate their own capital allocations into stocks and bonds. But the majority of investors can opt for a ‘set it and forget it’ option with the The fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ned Davis Research CMG US Large Cap Long/Flat Index (NDRCMGLF). The NDRCMGLF Index follows a proprietary model that determines when, and...
Mark Haefele Ned Davis Federal Reserve Ned Davis Research Vaneck Vectors Flat Trend

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