Good News! Naira To Recover Soon As Travelex Begins Weekly Sale…

Travelex, a global foreign exchange dealer, will today disburse the sum of $15,000 to each of the 3,000 registered Bureaux De Change operators in the country. This is according to the President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe.

He said with each of the 3,000 BDC operators getting $15,000 each, $45m will flow into the system. He commended the CBN for giving approval to Travelex to commence the disbursement of forex to the firms.

The dollar inflow, being disbursed by Travelex, is part of Nigeria’s Diaspora remittances estimated at $21bn annually. He said the development, which was an improvement over the initially approved $10,000 weekly, would deepen dollar liquidity in the system and strengthen the Naira against the dollar.

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  • iheukwumere

    I just it work so dat tinz wil get back normally

  • Mezzy Gilbert

    Me,seeing is believing

  • chika bibian

    I really hope soo…..

  • kayode akinsanya

    I pray so, at least

  • Cornel Nwankwo

    Naira really needs to recover in the forex market, necessary things should be done to ensure this is done and on time.
    Good to know this, hope it recovers

  • Hmmm i pray it recovers oo

  • Olovo Obinna

    We hope so oh…bcos price of goods n services now something else

  • WillieBravo

    My question is, why Did they have to horde it in the first place?

  • emekachilaka

    abeg no time to waste