bdc

Despite recent efforts by the Central Bank of Nigeria (CBN) to bolster the Naira's value through additional forex injections, the currency continues to struggle against the US Dollar. FMDQ data reveals a further depreciation of the Naira to N1308.52 per Dollar on Wednesday, down from N1,300.15...

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...

The Naira experienced a notable uptick on Tuesday morning, fueled by the Central Bank of Nigeria's (CBN) strategic move to sell dollars to Bureau de Change (BDC) operators at a discounted rate. This intervention aimed to alleviate the mounting pressure observed in the black market. According to...

The Nigerian naira saw an appreciation to N1,250 per dollar in the parallel foreign exchange market on Monday, marking a 0.43 percent increase from the N1,280 recorded on March 29. Bureau de Change operators in Lagos quoted the buying rate of the dollar at N1,230 and the selling price at...

In Abuja, a recent social media frenzy sparked by claims of the US Dollar exchanging for as high as N1,000 has been debunked by Bureau De Change (BDC) operators. Viral posts circulating on platforms like Facebook and X suggested that the Dollar was commanding prices between N900 and N1,000 at...