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Business

CBN intervenes in forex market, announces Dollar sale to BDCs

In a bid to stabilize the Nigerian naira, the Central Bank of Nigeria (CBN) has announced the sale of dollars to Bureau De Change...

Business

CAC Gives BDCs 90 Days To Withdraw Certificates After CBN’s Revocation Of Licence

The Corporates Affairs Commission (CAC) has issued a three-month ultimatum to Bureau de Change operators asking them to change their names and objects or...

Business

BDC Operators Count Losses As Dollar Crashes To N1,130

Bureau de Change operators in Nigeria are counting losses after the naira gained N770 between February 21 and April 9, 2024.At the BDC segment...

Business

JUST IN: CBN Crashes Dollar Further To N1,117.5/$ With Fresh FX Sales To BDCs

The Central Bank of Nigeria has again crashed the dollar to N1,117.5 with another sale of foreign currency (FX) to Bureau de Change dealers.The...

Business

Nigeria’s Forex Reserves Lose $693.5m After CBN Resumption Of Dollars Sales To BDCs

Nigeria’s gross foreign exchange reserves have shed at least $693.5m since the Central Bank of Nigeria resumed the sale of dollars to approved Bureau...

Business

Full List: CBN Excludes BDCs In South South From $20,000 Weekly Intervention

The Central Bank of Nigeria shortlisted 1,368 Bureau de Change operators which it said qualified for the $20,000 intervention but more than 57 per...

Business

CBN Excludes Over 4,000 BDCs, Says Only 785 Operators Qualify For $20,000 Weekly Intervention

The Central Bank of Nigeria has instructed Bureau de Change sellers not to sell above one per cent of the above purchase rate from...

News

Clamp Down On BDC Operators Will Worsen Forex Crisis – Peter Obi

The Presidential candidate of Labour Party in the 2023 general election Mr Peter Obi has condemned the attacks on Bureaux de Change (BDCs) operators...

Business

EXCLUSIVE: CBN To Resume $20,000 Weekly Dollar Intervention To BDCs On Monday, Abandons Willing Buyer, Willing Seller Policy

Following pressure on the naira, the Central Bank of Nigeria (CBN) will resume its weekly dollar intervention to qualified Bureau de Change Operators (BDCs)....

Business

Bureau de Change operators deny shutting operations in Abuja

The Association of Bureau De Change Operators of Nigeria (ABCON) has shot down rumors making the rounds that it has ordered the shutting down...

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