Bdc
CBN limits BDCs to one dealer bank Weekly for $25,000 FX
Central Bank of Nigeria (CBN) Implements New Guidelines for Bureau de Change Operators
In a recent update, the Central Bank of Nigeria (CBN) has released new rules allowing Bureau de Change (BDC) operators to acquire up to $25,000 weekly from … Continue Reading
Peter Obi Faults Government’s Crackdown on Bureau de Change Operators
Peter Obi Highlights Misguided Approach and Calls for Economic Reforms
Former governor of Anambra state and presidential flagbearer of the Labour Party in the last Nigerian elections, Mr. Peter Obi has faulted Nigerian government’s approach to ending the dollar to … Continue Reading
Naira Slides as Banks Sell $3.3 Billion Amidst Fresh Forex Market Concerns
CBN Grapples with Increased Gap Between Official and Parallel Markets
The Nigerian naira witnessed a fresh decline against the US dollar, both in the official and parallel foreign exchange markets on Friday, raising concerns amidst efforts by the Central Bank … Continue Reading
Naira vs Dollar: Government Takes Drastic Measures to Address Naira Free Fall: BDCs Shut Down in Abuja
DSS Intervenes as President Tinubu’s Administration Grapples with Naira Crisis
President Bola Tinubu’s government has orchestrated the closure of Bureau De Change (BDC) centres in Nigeria’s capital, Abuja.
The directive allegedly came as a response to Naira’s record low against … Continue Reading