Tag: BDC
CBN Approves Weekly $25,000 Purchase for BDCs from Banks
The Central Bank of Nigeria allows Bureau De Change operators to purchase $25,000 weekly from the Nigerian Autonomous Foreign Exchange ...
CBN’s Inconsistent Dollar Supply Hindering Naira Recovery, Say BDC Operators
Bureau De Change operators in Nigeria express concerns over the CBN's inconsistent dollar allocations, impacting confidence in the forex market ...
Borno court jails three illegal BDC operators
The statement identified the defendants as Buba Ahmadu Aliyu, Mohammed Mustapha, and Muhammad Zarami Justice K. Dagat of the Federal ...
EFCC Intensifies Crackdown on Abuja BDC Operators
EFCC conducts further crackdown on Abuja BDC operators amid naira depreciation, part of government's efforts to stabilize currency value Recent ...
Police arrest 10 illegal forex operators in Edo
Adeboye highlighted that forex hawkers significantly influence the naira's exchange rate, expressing concern about relying on roadside sources for foreign ...
Clampdown on BDC operators will worsen FX situation—Peter Obi
Obi, expressing his views on X, argued that this action would exacerbate the country's exchange rate challenges without providing a ...
EFCC operatives open fire at Abuja dollar market
Mr Tinubu’s strategy to float the naira has backfired and further depreciated its value on the global market The Economic ...
Naira tumbles to 900/$ as CBN vows to punish derailing BDC operators
The naira's value also decreases on the Investor & Exporter (I&E) window, falling to 773.42 naira per dollar from 757.10 ...
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