Tag: BDC

Nigeria's external reserves rise to $36.89bn — CBN gov
featured News

CBN amends guidelines for BDC operators

The Central Bank of Nigeria has revised its regulatory guidelines for Bureau De Change operators after consulting with stakeholders. The changes include the removal of the mandatory caution deposit of N200 million for tier-1 BDC license holders and the waiver of the N50 million deposit for tier-2 license holders. Additionally, the non-refundable annual license renewal […]

Naira plunges to record low against pounds
Economy

CBN threatens BDC crackdown as naira falls to 900/$

The naira lost value on the parallel market on Wednesday, ending the day at 900/dollar. This happened just two weeks after the local currency was being sold on the black market for 960 dollars. The naira’s upward trend in recent days was reversed as the black market once more experienced a shortage of dollars. Earlier this week, […]