Bureau de Change

The City Management Team of the Federal Capital Territory Administration (FCTA), has demolished illegal shanties and structures of Bureau De Change (BDC) operators in Wuse Zone 4, Abuja. Mr Mukhtar Galadima, Director, Department of…
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The naira, on Friday, continued its free fall, dropping to N1,425 at the parallel section of the foreign exchange market. The current foreign exchange rate represents a 0.71 percent or N10 increase from the N1,415 traded on Thursday. …
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The naira on Friday depreciated to N1,370 per dollar in the parallel market from N1,300 per dollar on Thursday. Also, the naira depreciated to N902.45 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed…
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The naira depreciated to a low of N1,043.09 to the dollar at the official foreign exchange market on Thursday. This is compared to N872.59 /$ on Wednesday at the Nigerian Autonomous Foreign Exchange Market (NAFEM). The dealers said…
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The naira fell further on Tuesday as it exchanged for the dollar at the parallel market between 1,005/$ and 1,025/$. Bureau de Change operators said the naira exchanged for the dollar at the parallel market between 1,005/$ and 1,025/$…
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By Muhammad Muhammad A Kano based bureau de change operator Ali Abdullahi Zaki has raised alarm over incessant attempt on his life by unknown assailants. SOLACEBASE reports that the foreign exchange trader revealed that he has noticed…
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The Economic and Financial Crimes Commission (EFCC) has arrested members of a syndicate who specialise in counterfeiting foreign currencies, especially the dollar, for sale to unsuspecting members of the public. Mr Wilson Uwujaren,…
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