Tag Archives: Yuletide

CBN allows BDCs to buy $25,000 weekly from banks to meet yuletide demand

CBN allows BDCs to buy $25,000 weekly from banks to meet yuletide demand

The Central Bank of Nigeria (CBN) has announced that eligible Bureau de Change (BDC) operators will have temporary access to the Nigerian Autonomous Foreign Exchange Market (NAFEM) to purchase $25,000 weekly. This arrangement, aimed at addressing seasonal foreign exchange (FX) demand, will be effective from December 19, 2024, to January 30, 2025.   In a statement signed by T.G. Allu, …

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Glo Lights Up Banana Island Yuletide Season Celebration

Glo Lights Up Banana Island Yuletide Season Celebration

  The usually tranquil atmosphere of highbrow Banana Island in Ikoyi Lagos came alive on Saturday night as technology company, Globacom, sponsored the community’s Starlight Night to signal the commencement of the Yuletide season.    According to the Banana Island Property Owners and Residents Association Lagos (Biporal), which organised the event, the 2024 Starlight Night, the fifth in the series, was an …

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