BDC operators Archives

Naira drops to all-time low on official window, trades at 1348/$

BDC operators urges FG to deepen ties with China, others against US tariff

The Association of Bureau de Change Operators of Nigeria has urged the Federal Government to bolster trade relations with India, China, and African countries as a strategic response to the damaging effects of a 14% tariff imposed by United States President Donald Trump on Nigerian exports. ABCON President, Dr. Aminu Gwadabe, raised the alarm over […]

aomenyepdnlimited-com
April 8, 2025
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BDC operators struggle with new CBN rules, call for clarification

The Bureau De Change operators in the country have yet to comply with the new guidelines for their operations, which were announced by the Central Bank of Nigeria three weeks ago. The President Association of Bureau De Change Operators of Nigeria, Aminu Gwadebe, said that BDCs’ noncompliance was caused by a lack of clarity in […]

monwubukepdnlimited-com
June 25, 2024
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EFCC arrest BDC operators as naira weakens to 1,419/$

The Economic and Financial Crimes Commission carried out an unannounced raid at Zone 4 Wuse in Abuja, on Monday, which resulted in the arrest of an unknown number of Bureau De Change operators. This was confirmed by BDC operators trading in Wuse noting that the raid happened around noon and that a raid took place […]

monwubukepdnlimited-com
April 30, 2024
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CBN clears $64.44m forex backlog for airlines

JUST IN: CBN revokes operational licenses of 4,173 BDCs

The Central Bank of Nigeria, in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux De Change 2015 (the Guidelines), has revoked the licenses of 4,173 Bureaux De Change Operators. This was disclosed on Friday in a […]

aadelekepdnlimited-com
March 1, 2024
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Osun resubmits state's nomination for bank role, challenges CBN’s rejection

Economy

CBN resumes sales of FX to BDC operators

The Central Bank of Nigeria has made a firm decision to close the growing exchange rate difference in an effort to address the enduring inefficiencies in the retail sector of Nigeria’s foreign currency market. According to The Times, the Director of Trade & Exchange Department, Dr. Hassan Mahmud, released a fresh circular on behalf of […]

bfatoyepdnlimited-com
February 27, 2024
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Tag: BDC operators

BDC operators urges FG to deepen ties with China, others against US tariff

BDC operators struggle with new CBN rules, call for clarification

EFCC arrest BDC operators as naira weakens to 1,419/$

JUST IN: CBN revokes operational licenses of 4,173 BDCs

CBN resumes sales of FX to BDC operators

Japan eyes relaxed car safety regulations amid US.

Cardoso reiterates CBN’s commitment to transparent monetary reforms

Mixed reactions as Anambra govt demolishes Innoson Motors’.

Air Peace halts all flights to Enugu’s airport.