Experts predict higher inflation rate for March 2024
The level of inflation in the country for the month of March 2024 and experts interviewed by Nairametrics have predicted ...
Tag: BDC
Nigeria’s FX reserves dip by $1.02 billion in 18 days on CBN’s naira defence
Nigeria’s foreign exchange (FX) reserve has experienced a sharp decline of about $1.02 billion within a span of 18 days, ...
CBN sells dollars to BDCs @N1,251/$1 as naira regains strength
The Central Bank of Nigeria has issued a circular to BDCs informing them that they sold $10,000 t0 each BDC ...
Forex crisis: BDCs push to begin public display of black-market rates
Efforts are underway to authorize the ABCON to publicly display the black-market rates of the naira against the dollar on ...
Reduce the number of BDCs from 5,000 to 200 – FG urges CBN
The Federal Government has urged the CBN to reduce the number of BDC operating in the country from over 5,000 ...
BDCs admits Fintechs, unlicensed online firms diverting diaspora remittancesÂ
Bureau De Change Operators in Nigeria have agreed with the acting CBN Governor that most transfers conducted by the International ...
CBN brings back BDC, introduces new Operational Mechanism for Bureau De Change Operations in Nigeria
In a bid to enhance the efficiency of the Nigerian Foreign Exchange Market, the Central Bank of Nigeria (CBN) has ...
Binance: Regulators should focus on building confidence in Nigeria’s financial markets – Nnamdi NwizuÂ
Nigerian capital market regulators should focus on building confidence in the Nigerian financial markets and the economy as the challenge ...
Forex crisis: EFCC raids Bureau De Change hub in Abuja
Operatives of the EFCC have raided a Bureau De Change (BDC) hub at Wuse Zone 4, which is home to ...
ABCON gives reasons for widening exchange rate disparity, increasing parallel market activities
The BDC operators have attributed the widening exchange rate disparity to acute scarcity of dollars due to the continued suspension ...
