Tag: BDCs
CBN approves $20,000 for eligible BDCs at N1,580 exchange rate
The move is to meet the demand for invisible transactions The Central Bank of Nigeria (CBN) says it has approved ...
CAC to cancel certificates of BDCs with revoked licences
In February, the CBN revoked the licences of 4,173 BDC operators for failing to adhere to regulatory guidelines The Corporate ...
CBN to sanction banks, BDCs rejecting old, small dollar denominations
Warns Foreign Exchange Dealers to desist from defacing/stamping US banknotes The Central Bank Of Nigeria (CBN) has said that it ...
CBN withdraws licences of BDCs, orders fresh applications
The new guidelines were signed by Haruna Mustafa, director of the financial policy and regulation department The Central Bank of ...
CBN Sells Dollars To BDCs At N1,021/$
CBN issues circulars to BDCs for direct sale of US dollars at a discounted rate of N1,021 per dollar BDCs ...
At last, Naira hits N1,000 per dollar
The naira was selling at N1,000 to the dollar at the parallel market The value of the naira gained strength ...
BDC: CBN mandates sellers above $10,000 to declare sources
Says sellers would also be required to comply with all Anti-Money Laundering/Combating the Financing of Terrorism ( AML/CFT) regulations The ...
CBN Introduces Stricter Measures for BDCs, Imposes N2bn Licence Fee
The Central Bank of Nigeria (CBN) implements stringent measures targeting Bureau De Change (BDC) operators amidst ongoing forex crisis National ...
Naira declines by 50% since CBN ban on BDCs
Since the Central Bank of Nigeria (CBN) prohibited the sale of dollars to bureau de changes, the value of the ...
Mailafia reacts to banning sale of FX to BDCs by CBN
A former deputy governor of the Central Bank of Nigeria, Obadiah Mailafia has stated that the decision of the apex ...
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