BDCs accuse IMTOs of ambushing external remittances, creating dollar scarcity in the parallel market
Bureau De Change (BDC) operators in Nigeria have attributed the recent depreciation of the Naira in the parallel market to ...
Tag: BDCs
News and analysis about BDCs
CBN to sell $20k to eligible BDCs at N1580/$ to meet market demand
The Central Bank of Nigeria (CBN) has approved the sale of $20 thousand each to Bureau De Change (BDC) operators ...
Nigeria’s exchange rate records best gain in two weeks, closes at N1,570/$1 on Thursday
The naira surged to N1,570/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Thursday, marking an increase of ...
CBN may spend up to $110.81 million in FX sales to BDCs this year
The Central Bank of Nigeria (CBN) may spend up to $110.81 million to sell foreign exchange (FX) to eligible Bureau ...
CBN licence revocation: CAC asks 4,173 BDCs to change name or face dissolution
The Corporate Affairs Commission (CAC) has asked the 4,173 Bureau De Change companies whose licences were recently revoked by the ...
CBN’s N2 billion capital requirement for BDCs against global standards- ABCON
The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Mr. Aminu Gwadabe has stated that the ...
CBN releases approved guidelines for BDCs, asks players to meet new requirements in six months
The Central Bank of Nigeria (CBN) has released the approved guidelines for operations of Bureau De Change (BDCs) across the ...
CBN sells fresh dollars to BDCs at N1,021/$ as naira loses steam
The Central Bank of Nigeria (CBN) has issued another circular to Bureau De Change operators (BDCs), informing them of the ...
Official exchange rate crashes to 6-day low as reserves fall
This is the weakest it has been since April 8, when the official rate closed at N1,230.61/$1, suggesting downward pressure ...
Financial experts divided on CBN’s dollar sales to BDC operators
The recent dollar sales to BDCs below market rate at N1,101/$1 was the third attempt after a long period of ...
