BDC

Justice Abimbola Awogboro of the Federal High Court sitting in Ilorin has sentenced one Yakubu Aminu to 200 hours, (about nine days) of…
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The Central Bank of Nigeria (CBN) has expressed concern over the continued distortions in the retail end of the foreign exchange market, which is feeding into the parallel market that…
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Bureau De Change Operators were excluded in the latest tranche of forex sales by the Central Bank of Nigeria to authorised dealers. This…
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The Central Bank of Nigeria (CBN) has excluded Bureau De Change Operators (BDCs) from its latest tranche of forex sales to authorised dealers.   The President, Association of Bureau…
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Justice A.K Dagat of the Federal High Court, Maiduguri, Borno State, on Thursday, May 9, 2024, convicted and sentenced one Bana Alhaji Lawan to one year imprisonment. Lawan was…
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The Central Bank of Nigeria (CBN) has said no fewer than 935 eligible Bureau De Change (BDC) operators within the North West have been getting foreign exchange. The Branch Controller,…
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The police have arrested 17 men over the illegal operation of Bureau de Change (BDC) in the Wapa area in Fagge LGA of Kano State. The Commissioner of Police (CP), Mr Usaini Gumel, who…
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Operatives of the Economic and Financial Crimes Commission (EFCC), on Tuesday, continued their clampdown on Bureau De Change operators in Abuja as the naira dipped against the dollar.…
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The Central Bank of Nigeria (CBN) has declared to sell dollars to Bureau De Change (BDC) operators at the rate of N1,101 per one dollar. According to a circular uploaded to its website…
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The Central Bank of Nigeria has issued a circular to Bureau De Change operators informing them of the sale of $10,000 to each BDC at a rate of N1,251/$1. This…
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