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The Central Bank of Nigeria (CBN) has reviewed and approved the sale of foreign exchange (FX) to qualified bureau de change (BDC) operators at a rate...
The Central Bank of Nigeria (CBN) has raised the exchange rate for cargo clearance at the nation’s seaports and airports from ₦1,600.32 to ₦1,618.732. Naija News...
The Central Bank of Nigeria (CBN) has given the green light for the exchange of foreign currency (FX) to qualified Bureau de Change (BDC) agents at...
The Corporate Affairs Commission (CAC) has declared its plan to revoke the incorporation certificates of some Bureaux De Change (BDCs) following the revocation of their licenses...
The Naira depreciated against the Dollar for the first time since last Thursday in the foreign exchange market, coinciding with the Central Bank of Nigeria’s issuance...
Bureau De Change (BDC) operators across Nigeria are expressing strong reservations against the Central Bank of Nigeria’s (CBN) recent directive that mandates them to reapply for...
The Nigerian Naira has continued its upward trajectory against the US Dollar, marking its fourth consecutive day of gains in the foreign exchange market. According to...
Some Bureau De Change operators were reportedly apprehended by operatives from the Economic and Financial Crimes Commission (EFCC) on Tuesday at the renowned Wuse Zone 4...
Traders in the Wuse Zone 4 area of Abuja were reportedly running helter-skelter on Monday after the Economic and Financial Crimes Commission operatives stormed the area....
The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has identified those responsible for the recent wave of depreciation of...
The Central Bank of Nigeria (CBN) has notified Bureau De Change (BDC) operators of the sale of $10,000 at the rate of ₦1,021/$1. The notification of...
The Association of Bureau De Change Operators of Nigeria (ABCON) has disclosed that Bureau De Change (BDC) operators are now buying dollars at a ‘cheaper’ rate...
According to the Association of the Bureau De Change Operators of Nigeria (ABCON), the Nigerian currency, Naira, has appreciated faster than anticipated against the United States...
The US dollar has again experienced a significant decrease in value against the Nigerian Naira, with a depreciation of ₦60. The latest exchange rate figures follow...
Nigerians have continued to celebrate as the naira appreciated to ₦1,200/dollar at the parallel section of the foreign exchange market on Tuesday. Naija News gathered that...
There were a series of lamentations yesterday by currency traders over the increasing losses and decreasing demand for the dollar as the naira continued to strengthen...
The Central Bank of Nigeria (CBN) has confirmed to the Bureau De Change operators (BDCs) that it sold $10,000 to each BDC at an exchange rate...
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) operators. Naija News reported that the CBN made this known...
Bureau De Change (BDC) operators are essential stakeholders in the foreign exchange market in Nigeria as the average Nigerian sources their forex needs from the black...
The Central Bank of Nigeria (CBN) has placed limits on foreign exchange (FX) sales by Bureau De Change (BDC) operators. The apex made this known in...
