To stabilize the Nigerian economy and address the distortion in the retail segment of the foreign exchange (forex) market, the …
Read More »Tag Archives: BDCs
Kano Anti-Graft Agency Accuses Ganduje of Diverting State Funds, Changing Naira to Dollars
The Kano State Public Complaints and Anti-Corruption Commission (PCCAC) has accused the former governor of Kano State, Abdullahi Ganduje, of …
Read More »Naira Gains Against Dollar as BDCs Buy at N980/$
The Association of Bureau De Change Operators of Nigeria (ABCON) has announced that Bureau De Change (BDC) operators are now …
Read More »Naira Appreciates to N1,200/Dollar as CBN Sells $10,000 to BDCs
The Nigerian currency, the naira, has appreciated against the dollar, reaching a new rate of N1,200/dollar in the parallel market. …
Read More »CBN Revokes 4,173 BDC Licenses: A Closer Look at Regulatory Breaches and Implications
The Central Bank of Nigeria (CBN) recently announced the revocation of operating licenses of 4,173 Bureaux De Change (BDCs) operators …
Read More »CBN Resumes Sales of Dollars to BDCs Amid Market Reforms
The Central Bank of Nigeria (CBN) has announced its decision to resume the sale of foreign exchange worth $20,000 to …
Read More »EFCC Raids BDCs in Kano, Abuja, and Oyo as Dollar Hits N1,900
The Economic and Financial Crime Commission (EFCC) has launched a crackdown on currency exchange operators in Kano, Abuja, and Oyo. …
Read More »