News

SEC Orders Asset Freeze On Businessman Hammajam, Popular Nine2Nine BDC, Eight Others Over Terror Financing

THE Securities and Exchange Commission (SEC) has stepped up measures to disrupt suspected terrorism financing networks in Nigeria, directing capital market operators to.

Read More
News

Relief For BDCs As CBN Approves $150,000 Weekly Dollar Sales

THE Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market.

Read More
Opinion

BDCs Recapitalisation: Why It Matters – By Lawal Nasir

IN February 2024, the Central Bank of Nigeria (CBN) released a circular to all Bureau De Change (BDC) operators and stakeholders in the.

Read More
News

No Deadline Extension For BDC Recapitalisation, CBN Insists

THE Central Bank of Nigeria (CBN) has debunked a news story in circulation suggesting that the Bank has extended the deadline for the.

Read More
News

CBN Permits BDCs To Buy $25,000 Weekly To Meet Christmas Demands

THE Central Bank of Nigeria has granted temporary permission to Bureau de Change operators, to purchase up to $25,000 in foreign exchange weekly.

Read More
News

Central Bank Of Nigeria Sells $20,000 To Each BDC At ₦1,590/$

THE Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each of the eligible Bureau De Change (BDC) operators in.

Read More
News

CBN To Sell $20,000 To Each Bureau De Change Operator At N1,450/$1

THE Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau De Change (BDC) operators at 1,450.

Read More
News

CBN Warns Banks, BDCs Against Rejection Of Lower Dollar Bills

THE Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and authorised forex dealers, advising them against rejecting.

Read More
News

CBN Orders All BDC Operators To Apply For New Licences

THE Central Bank of Nigeria (CBN) has directed all existing Bureau De Change Operators to re-apply for licences. The apex bank gave the.

Read More
News

CBN Sells $10,000 To Bureau De Change Operators At N1,251/$1

THE Central Bank of Nigeria has issued a circular to Bureau De Change Operators informing them of the sale of $10,000 to each.

Read More
News

FULL LIST: Names Of All 4,173 BDC Operators Barred By CBN

THE Central Bank of Nigeria (CBN) on Friday revoked the licenses of 4,173 Bureaux De Change Operators, accusing the affected institutions of failing.

Read More
Business

CBN Revokes Licenses Of 4,173 Bureau De Change Operators

THE Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureau De Change Operators, accusing the affected institutions of failing to.

Read More
News

Wike’s Bulldozers Hit Popular Zone 4 BDC Headquarters, Clear Makeshift Shops, Others

THE FCT Administration, through its City Management Team, has demolished shanties at the Bureau De Change (BDC) headquarters in Zone 4 area of.

Read More
News

Abuja Bureau De Change Operators Shut Down Over Dollar Scarcity

BUREAU De Change (BDC) operators have announced shut down of operation in Abuja as a result of unavailability of dollars. Chairman of the.

Read More
Business

After Two Years, CBN Lifts Ban On Forex Sale By BDCs, Unveils Fresh Guidelines

THE Central Bank of Nigeria (CBN) on Friday lifted ban and unveiled a series of fresh operational guidelines for forex sales by Bureau.

Read More