Category: BDC

Why CBN revoking 4,173 BDC operator’s licenses is good for Naira – CPPE

The Centre for the Promotion of Private Enterprise said revoking 4,173 Bureau De Change operator licenses by the Central Bank of Naira is good for the Naira amid the foreign exchange crisis. The Director of CPPE, Muda Yusuf, disclosed why reacting to the recent revoking of BDCs licenses over failure to meet regulatory guidelines. CPPE […]

Abuja administration demolishes BDC illegal shanties, structures in Wuse

“The location is among areas that constitute huge security threats to residents transversing Abuja Continental Hotel and National Mosque among other public and social facilities. The post Abuja administration demolishes BDC illegal shanties, structures in Wuse appeared first on Premium Times Nigeria. Powered by WPeMatico

CBN resumes sale of dollars to BDCs

Each BDC will have access to the $20,000 at the rate of N1,301/$, representing the lower band rate of executed spot transactions at NAFEM for the previous trading day The post CBN resumes sale of dollars to BDCs appeared first on Premium Times Nigeria. Powered by WPeMatico

Again, EFCC raids BDC market in Abuja as naira appreciates at forex parallel market

Officers of the Economic and Financial Crime Commission, EFCC, have shut down illegal Bureau De Change operators in Wuse Zone 4 Abuja on Thursday as the Naira appreciates against the US dollar, the foreign exchange parallel market. A Bureau De Change operator, Mistila Dayyabu, disclosed this to the DAILY POST on Thursday. According to him, […]

Naira freefall: EFCC raids BDC operators in Abuja, arrests 50

The officers of the Economic and Financial Crime Commission, EFCC, raided and arrested over 50 illegal Bureau De Change operators in Wuse Zone 4 Abuja, the continued free fall of the Naira in the Foreign Exchange Market, DAILY POST reports. Dayyabu Mistila, a Bureau De Change operator in Wuse Zone 4, disclosed this to DAILY […]

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