bureau de change (bdc)

  1. Nigerians Aghast as EFCC Exposes Yahaya Bello's Misuse of $720k from State Account for Child's School Fees

    Nigeria Nigerians Aghast as EFCC Exposes Yahaya Bello's Misuse of $720k from State Account for Child's School Fees

    Ola Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), alleges that former Kogi State Governor Yahaya Bello withdrew $720,000 from state funds to pay his child's school fees in advance. Speaking during an interactive session with media executives in Abuja...
  2. CBN Initiates Forex Sales to BDCs at N1,101/$1, Aims to Stabilize Currency Market

    Nigeria CBN Initiates Forex Sales to BDCs at N1,101/$1, Aims to Stabilize Currency Market

    The Central Bank of Nigeria (CBN) has taken a significant step towards stabilizing the foreign exchange (FX) market by announcing the sale of dollars to bureau de change (BDC) operators at the rate of N1,101 for every $1. This move, revealed in a recent circular titled ‘Sales of FX to Meet...
  3. Nigeria's Central Bank Initiates Dollar Sales to BDCs to Boost Forex Liquidity

    Nigeria Nigeria's Central Bank Initiates Dollar Sales to BDCs to Boost Forex Liquidity

    Amidst Nigeria's evolving economic landscape, the Central Bank of Nigeria (CBN) has taken significant steps to bolster liquidity in the foreign exchange market, signaling a potential shift in the nation's currency dynamics. In a recent circular addressed to Bureau De Change operators (BDCs)...
  4. Naira Crisis: Nigerian Government Continues 'Stick and Carrot' Approach as CBN Releases $20,000 to Each BDC to Stabilize Currency

    Nigeria Naira Crisis: Nigerian Government Continues 'Stick and Carrot' Approach as CBN Releases $20,000 to Each BDC to Stabilize Currency

    The Central Bank of Nigeria (CBN) is taking proactive measures to rectify distortions in the country's foreign exchange market, particularly in the retail segment. In a recent circular by Dr. Hassan Mahmud, the Director of the Trade & Exchange Department, the CBN announced its decision to...
  5. Nigeria Metro News

    Metro FBI List: EFCC Goes After Bankers, BDC Operators Aiding Cybercriminals – Naijaloaded

    The Economic and Financial crimes Commission (EFCC) has begun a clampdown on bankers and operators of Bureau De Change (BDC) outfits across Nigeria who are aiding cybercrimes. The clampdown followed the indictment of 80 Nigerians in a massive cybercrime case, investigated … Read more via...
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    Business Naira appreciates against dollar at parallel market – The Guardian Nigeria Newspaper

    The Naira on Tuesday appreciated against the dollar at the parallel market, exchanging at N360 to the dollar, stronger than N361 posted on Monday. At the Bureau De Change (BDC) window, the Naira was sold at N360 to the dollar, while … Read more via The Guardian Nigeria Newspaper – Nigeria...
  7. curator

    Business Naira Gains As Politicians Pump ‘Election Dollars’ Into Economy – Nairaland

    The naira has been firming up in the last few days as politicians pumped stockpiled dollars into the economy for campaigns, The Nation has learnt. The naira, which exchanging at N361 to.... Read more via Nairaland – https://ift.tt/2Nglq8V Get more: Nigeria Business News
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    Business Naira Weakens Marginally Against Dollar At Parallel Market – Leadership Nigeria Newspaper

    The Naira on Wednesday lost one kobo to exchange at N358.4, weaker than N358.3 traded on Tuesday at the parallel market in.... Read more via Leadership Nigeria Newspaper – https://ift.tt/2M1TCcl Get more: Nigeria Business News
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