BDCs

The Central Bank of Nigeria (CBN) has directed banks, payment service banks, and other financial institutions to immediately freeze all accounts, assets, and transactions linked to six individuals and four Bureau De Change (BDC) operators…
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The Central Bank of Nigeria (CBN) says it has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM). According to a circular signed by the Director, Trade and Exchange…
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The Central Bank of Nigeria (CBN) has issued final operating licences to 82 Bureau De Change operators under its revised regulatory framework, cautioning the public against patronising unlicensed forex dealers. SolaceBase reports that the…
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The Central Bank of Nigeria (CBN) has granted final licenses to 82 Bureaux De Change (BDCs) to operate with effect from Nov. 27. A statement issued in Abuja on Monday by Mrs Hakama Sidi-Ali, CBN’s Acting Director, Corporate Communications…
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The Association of Bureau De Change Operators of Nigeria (ABCON) says that the Central Bank of Nigeria’s (CBN) June 3 recapitalisation deadline for Bureau De Change (BDC) operators remains sacrosanct. ABCON President, Dr Aminu Gwadabe,…
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The Central Bank of Nigeria (CBN) on Tuesday dismissed a circular authorising sales of foreign exchange (FX) to Bureau De Change (BDC) operators in the country. The controversial circular, dated 10 December, suggested that the CBN would…
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The Central Bank of Nigeria (CBN) said it has approved $20,000 each for eligible Bureaux De Change at the rate of N1,580 to a dollar. This is according to a statement issued by the Acting Director, Trade and Exchange Department of the…
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The Central Bank of Nigeria (CBN) has approved the sale of an additional 10,000 dollars to 1,583 eligible Bureaux De Change (BDCs) in the country to meet market demands. The Director, Trade and Exchange Department of the CBN, Dr Hassan…
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The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were presently buying dollars at N980/$ at the open market and selling at N1,020/$. ABCON President, Aminu Gwadabe, announced…
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The Central Bank of Nigeria (CBN) has again announced the sales of dollars to Bureau De Change operators. The apex bank disclosed this in a circular uploaded on its website on Monday. The CBN said it is set to sell $10,000 to each…
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