Exchange rate volatility: Government payments fueling rising dollar demand – BDC operators
Bureau De Change (BDC) operators have attributed the recent crash of the naira in the foreign exchange market to the ...
Tag: Bureau de Change
News and analysis about Bureau de Change
Naira recovery: BDC operators are facing constraints buying forex from banks – ABCON
Bureau De Change (BDC) operators under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) says ...
BDCs explain why Naira will be strong in 2025
Bureau de Change (BDC) operators in Nigeria have expressed optimism about the Naira's prospects in 2025, forecasting a stronger currency ...
Nigerian businesses expect naira to depreciate in the next three months- CBN survey
Businesses in Nigeria say they expect the Naira to continue to depreciate in the next three months beginning from July ...
CBN plans $10,000/year limit on foreign school fees from BDCs
The Central Bank of Nigeria (CBN) plans to introduce stringent measures on the purchase of foreign currencies through Bureau De ...
Forex crisis: BDCs ask CBN to increase its minimum capital to N350 million
The Association of Bureau De Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to increase ...
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 ...
The high costs of buying dollars at Nigeria’s black market
The underground market exposes several Nigerian citizens to a number of drawbacks, including fraud risk, violence, and theft arbitrarily.
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 ...
Official NAFEX Exchange rate closes at N435/$1 in 2021, devalues by 6.03% YoY
The Exchange rate between the naira and the US dollar dropped significantly by 6.03% in the year 2021 to close ...
