BDC

BDC operator, internet fraudster jailed in Kwara

Justice Abimbola Awogboro of the Federal High Court sitting in Ilorin has sentenced Musa Buba to 300 hours of community…

2 months ago

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 (BDC) operators will be allowed to purchase up…

5 months ago

CAC to cancel certificates of BDCs with revoked licences

The Corporate Affairs Commission (CAC) has announced its intention to cancel the certificates of incorporation of Bureaux de Change (BDC)…

10 months ago

CBN directs BDC operators to re-apply for licences

The Central Bank of Nigeria has directed all current Bureau De Change (BDC) operators to re-apply for new licenses in…

12 months ago

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

The Central Bank of Nigeria (CBN) has issued a circular announcing fresh sales of $10,000 to each licensed Bureau De…

1 year ago

Mixed reactions continue to trail regulatory actions on BDC operations

Nigerians have continued to weigh in on a barrage of regulatory actions being taken on the operations of the Bureau…

1 year ago

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

The presidential candidate of the Labour Party, Peter Obi, has said that the recent clampdown on Bureau de Change (BDC)…

1 year ago

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

As demands continue to regularly exceed supply, the naira continues to fall in the parallel market as forex traders are…

2 years ago

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

The Federal Capital Territory Administration (FCTA) has begun moves to ensure sanity and globally accepted standards in the operations of…

3 years ago

Police arraigns BDC operator over $50.020m, N22m fraud

A Bureau De Change (BDC) Operator, Jude Muomah, has been arraigned before a Federal High Court, Lagos, for allegedly defrauding…

5 years ago

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