BDCs Archives

CBN maintains forex restrictions on BDCs over compliance concerns

The Central Bank of Nigeria has maintained restrictions on Bureau De Change operators’ access to the official foreign exchange market, citing concerns over control and past abuses. This is based on insights from forex traders and market operators who spoke to Nairametrics. The development highlights the apex bank’s continued preference for bank-led FX distribution amid […]

aadelekepdnlimited-com
28th April 2026
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BDC operators reject amended CBN licensing guidelines

Foreign exchange dealers under the umbrella of the Bureau de Change Operators of Nigeria have rejected the new licensing guidelines directive by the Central Bank of Nigeria. This was disclosed in a statement by the President of the Association of Bureau de Change Operators of Nigeria, Aminu Gwadebe, stating that, it is contrary to best […]

aomenyepdnlimited-com
23rd May 2024
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180 Views

Banking

CBN prepares tough financial sanction for banks

In order to lower violations in the nation’s financial sector, the governor of the Central Bank of Nigeria, Olayemi Cardoso, has committed to pursue an aggressive regulatory environment. Cardoso made the disclosure at the first meeting of the Apex bank’s Monetary Policy Committee after taking office in September 2023, he made this statement on Tuesday […]

bfatoyepdnlimited-com
28th February 2024
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192 Views

Trapped funds: CBN to give foreign airlines $150m

News

Dollar shortage persists after party primaries

Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday, indicating a worsening liquidity crisis in the foreign exchange market of Africa’s biggest oil producer. Between June 2021, and June 2022, dollar-to-naira exchange rate has risen from N500 to N603 at the parallel market, signifying the greenback appreciated by 21 per cent […]

agencyreport
15th June 2022
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188 Views

Nigeria, Malaysia recorded $1.21bn trade in five years

CAC dismisses claims linking cyberattack to DAAR Communications

Tinubu names Odumegwu-Ojukwu as foreign affairs minister

Access Holdings announces retirement of deputy MD Chizoma

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Tag: BDCs

CBN maintains forex restrictions on BDCs over compliance concerns

BDC operators reject amended CBN licensing guidelines

CBN prepares tough financial sanction for banks

Dollar shortage persists after party primaries

Lagos prioritises rail, ferry, BRT over road expansion.

Google adds 25m subscriptions in Q1 on YouTube,.

Microsoft reports strong growth in Copilot adoption despite.

Nigeria, Malaysia recorded $1.21bn trade in five years.

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