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BDC OPERATORS
Bureau De Change (BDC) operators under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have hinted at the possibility of mergers, acquisitions, and takeovers by their members to meet the new capital requirement set by the Central Bank of Nigeria (CBN).
Bureau De Change (BDC) operators under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) say that the Central Bank of Nigeria’s (CBN) June 3 recapitalisation deadline for its members remains sacrosanct.
The naira appreciated marginally to N1,597/$1 on Monday at the official foreign exchange market, according to data published by the Central Bank of Nigeria (CBN).
There has been a lot of anxiety in the sector recently as the fate of most of the licensed Bureau De Change (BDC) operators hangs in the air, unless the June 3, 2025, recapitalization deadline is further extended.
The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to Bureau De Change (BDC) operators and other business stakeholders, urging them to comply with financial regulations and avoid illegal cash smuggling across Nigerian borders.
Bureau De Change (BDC) operators have revealed that despite the naira's gains at the foreign exchange market during...
Forex market volatility: Naira becoming the most unpredictable currency in the world – BDC operators
Bureau De Change (BDC) Operators, under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON), have revealed that the naira is fast becoming the most unpredictable currency in the world.
The Association of Bureau De Change Operators (ABCON) has requested the exemption of excise taxes on foreign exchange...
The Bureau De Change (BDC) operators have attributed the recent strong performance of the naira to the implementation of the Central Bank of Nigeria (CBN) policy which allows authorized dealers to sell foreign exchange directly to these licensed currency traders.
Nigeria’s foreign exchange (FX) reserves declined significantly by $1.16 billion in January 2025, wiping out the $592.58 million gain recorded in December 2024.
The Central Bank of Nigeria (CBN) has extended the deadline for Bureau de Change (BDC) operators to access the Nigerian Foreign Exchange Market (NFEM) for weekly FX purchases.
The Central Bank of Nigeria (CBN) has approved the 2025 licence renewal fee waiver for the Bureau De Change (BDC) operators with immediate effect.