Rabiu: BUA Group Now Buys Dollars From Banks, Not CBN

Tinubu’s Reforms Boost Investor Confidence – Abdul Samad Rabiu Declares, Says Nigeria Needs 100 More BUAs

particularly highlighted the improvement in foreign exchange accessibility

Abdul Samad Rabiu Hails Tinubu's Reforms, Says Nigeria Needs 100 More BUAs

Rabiu noted that since Olayemi Cardoso assumed office as CBN Governor, he had met him only a handful of times, unlike the previous situation when businesses frequently approached the apex bank for foreign exchange allocations.

Rabiu: BUA Group Now Buys Dollars From Banks, Not CBN

Nigerian billionaire and Chairman of BUA Group, Abdul Samad Rabiu, has confirmed that his companies no longer require direct foreign exchange allocations from the Central Bank of Nigeria (CBN), instead sourcing their dollar needs from commercial banks at market-determined rates. This shift marks a significant...

BUA Group Now Buys Dollars From Banks Amid FX Reforms

Abdul Samad Rabiu, Chairman of BUA Group, states his companies no longer approach the Central Bank of Nigeria for dollars, a key outcome of recent foreign exchange reforms.

Billionaire Abdul Samad Rabiu no longer lobbies for dollars

Billionaire Abdul Samad Rabiu says he once visited Nigeria's central bank every two weeks for dollars. Now companies buy them from banks at market rates.

FX Reforms Ended Need to Lobby CBN Governor for Dollars – BUA Chairman

…says Nigeria needs 100 more industrial giants to drive growth …calls for affordable long-term capital, policy stability to expand manufacturing Nigerian businesses no longer need to lobby the Central Bank of Nigeria governor to access foreign exchange after market reforms, Abdul Samad Rabiu, chairman of BUA Group, has said. FX scarcity was for years the […]