Tag: BDC

BDC operator, internet fraudster jailed in Kwara

Justice Abimbola Awogboro of the Federal High Court sitting in Ilorin has…

Yuletide: BDCs to buy $25,000 weekly from banks to meet demands — CBN

The Central Bank of Nigeria (CBN) has announced that Bureau de Change…

CAC to cancel certificates of BDCs with revoked licences

The Corporate Affairs Commission (CAC) has announced its intention to cancel the…

CBN directs BDC operators to re-apply for licences

The Central Bank of Nigeria has directed all current Bureau De Change…

CBN sells fresh dollars to BDCs at N1,021/$ 

The Central Bank of Nigeria (CBN) has issued a circular announcing fresh…

Mixed reactions continue to trail regulatory actions on BDC operations

Nigerians have continued to weigh in on a barrage of regulatory actions…

Attacks on BDCs wrongly directed, will escalate FX crisis — Peter Obi

The presidential candidate of the Labour Party, Peter Obi, has said that…

Naira falls as BDC rate depreciates to N1,050/$

As demands continue to regularly exceed supply, the naira continues to fall…

FCTA to sanitise BDC of money laundering, economic sabotage, terrorism financing

The Federal Capital Territory Administration (FCTA) has begun moves to ensure sanity…

Police arraigns BDC operator over $50.020m, N22m fraud

A Bureau De Change (BDC) Operator, Jude Muomah, has been arraigned before…

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