The CBN is looking to boost the value of the naira and thus strengthen the economy of the country.
The BDC operators said that the profit margin would not be enough to cover their expenses.
Reopening of the BDC window for foreign exchange would crash the prevailing spike in the exchange rate.
Forex turnover at the Investor and Exporters (I&E) window on Wednesday, June 24, 2020, stayed relatively flat when compared to the day before. This is according to data from the...
Gwadebe said that the pandemic caused supply disruptions as the price of crude oil went down.
It is obvious that the CBN has come to realize that BDC operators can be the difference between naira recovery and depreciation during volatile times.
The CBN Governor had also advised businesses to stop patronizing the parallel market as it had the ability to meet the genuine demands of businesses that...
The Central Bank of Nigeria, in a note issued to Bureau De Change operators (BDCs) in the country, suspended the sales of foreign currency for two...
Association of Bureau De Change Operators of Nigeria has given assurances to the public of continued sale of dollars at the official price
Over 100 Bureau De Change Operators were fined N5 million by the Central Bank of Nigeria for various infractions in the foreign exchange market.