Naira’s woes continue for the second week as legitimate operators of Bureau De Change, BDC, await the Central Bank of Nigeria’s intervention. FMDQ data showed that the naira dipped to N1520.40 per dollar on Tuesday from N1478.11. This represents N42.29 depreciation against the dollar in the official market compared to N1478.11 traded on Monday. Similarly, […]
FX crisis: Police raid Bureau De Change offices, arrest suspected operators in Benin
Operatives of the Edo State Police Command on Thursday raided Bureau de Change offices in Benin City and arrested suspected operators. DAILY POST reports that the security personnel raided the Bureau de change offices at Erie street along Sapele road between 8:00 am and 8:30 am. Eyewitnesses told DAILY POST that the security operatives shot […]
Police arrest 17 forex hawkers for suspected illegal BDC operations
Naira gains at official market amidst depleting reserve
Naira Gain: FCCPC moves to stop exploitation of consumers
“The FCCPC understands the significant financial strain these rising prices place on Nigerian households. As a result, the Commission is taking proactive steps to address this issue,” Mr Abdullahi said. The post Naira Gain: FCCPC moves to stop exploitation of consumers appeared first on Premium Times Nigeria. Powered by WPeMatico
Nigeria’s inflation hits 33.20% amid high food prices
ANALYSIS: How Nigeria, other Lake Chad Basin countries can sever terrorism’s lifeline
How Bureau de Change operator defrauded me of $63,950 – Businessman tells court
A businessman, Mr Chinedu Igbokwe, told an Ikeja Special Court on Tuesday how a Bureau de Change operator, Abdulami Isah, allegedly defrauded him of $63,950. Igbokwe, who was led in evidence by the counsel of the Economic and Financial Crimes Commission, EFCC, A. A. Usman, said he was introduced to Isah on October 4, 2022, […]
Nigeria does not need parliamentary system, says Ex-governor
Court jails two bureau de change operators in Kano
The two men were arrested by EFCC operatives around Wapa BDC market and Grand Central Hotel, Kano, following reliable intelligence about their involvement in a syndicate operating bureau de change businesses without an appropriate licence. The post Court jails two bureau de change operators in Kano appeared first on Premium Times Nigeria. Powered by WPeMatico