15 March 2025
18:53

TOSCAD NEWS NIGERIA

News as it breaks

Tag: #Sales

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JUST IN: CBN Begins Sales Of Dollars To BDCs

Wendy R.

The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than two years after the suspended former CBN governor, Godwin Emefiele, stopped the sales of foreign exchange to BDC operators in that segment of the forex market. The apex bank disclosed this in a new circular issued and signed by the Director, Trade and Exchange Department, Hassan Mahmud, on Tuesday. The circular titled, “Sale of Foreign Exchange to Bureau de Change Operators to meet retail demand for eligible invisible transactions” said…

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Saudi May Allow Alcohol Sales To Non-Muslim Diplomats

Wendy R.

Saudi Arabia may allow alcohol sales to non-Muslim diplomats for the first time, two sources familiar with the plan told AFP on Wednesday, modifying strict rules governing liquor in the conservative country. Alcohol “will be sold to non-Muslim diplomats” who previously had to import alcohol via a diplomatic pouch, or sealed official package, one of the sources said. Prohibition has been the law of the land in Saudi Arabia since 1952, shortly after one of King Abdulaziz’s sons got drunk and, in a rage, shot dead a British diplomat. Rumours have swirled for years that alcohol would become available in…