The Central Bank of Nigeria has issued a strong warning to licensed Bureau De Change (BDC) operators nationwide, vowing to impose severe sanctions on those who...
In a bid to stabilize the Nigerian naira, the Central Bank of Nigeria (CBN) has announced the sale of dollars to Bureau De Change (BDC) operators....
The Association of Bureau De Change Operators of Nigeria (ABCON) has shot down rumors making the rounds that it has ordered the shutting down of operations...
Individuals and traders are still buying dollars at a premium rate in the black market, and this will continue to fuel inflation for goods that the...
The United States dollar appreciated against the naira in the black market on Monday after Bureau De Change operators increased their asking price by N75. Traders...
The Association of Bureaux De Change Operators of Nigeria (ABCON) on Thursday revealed a new campaign plan needed to save the naira from further depreciation and...
The Association of Bureau De Change Operators of Nigeria (ABCON) has offered to assist the Central Bank of Nigeria (CBN) in stopping the Naira’s depreciation. Alhaji...
The Chairman, Senate Committee on Army, Senator Ali Ndume, has frowned at reports of the secret trial of Bureau de Change (BDC) operators accused of funding...
Nigerian Naira on Tuesday recorded a significant devaluation to the U.S dollar at the parallel exchange market. According to data from Abokifx, Naira closed at N486...
A bureau de change operator, Umar Goni Abdulrahman, has been arraigned in court over alleged N29 million fraud. The Economic and Financial Crimes Commission (EFCC) Kano...
Alhaji Ahmadu Mohammed, who is an uncle to Ismaila Mustapha alias Mompha, on Friday testified in his alleged cyber fraud trial. The Economic and Financial Crimes...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
The Central Bank of Nigeria (CBN) has halted the operations of the Bureau de Change (BDC) segment of the foreign exchange market as part of the...
Justice Nicholas Oweibo of the Federal High Court in Lagos on Wednesday granted three Bureau-De-Change operators N20 million bail each with two sureties in the like...
The Central Bank of Nigeria (CBN) on Tuesday said $210 million had been freshly injected to boost the Nigerian foreign exchange market. The apex bank had...
The Association of Bureaux De Change Operators of Nigeria, ABCON, has advocated for an exemption from the payment of Value Added Tax, VAT, and Commission on...
The Central Bank of Nigeria has issued new operational licenses to 366 Bureau De Change (BDC) operators between January 2018 and May 31, 2018. The development...
NOT a few financial market experts are shocked by the banks’ suspension of Bureau de Change (BDC) operations over taxes on turnover volumes. But, many of...
Banks are shutting down Bureau De Change (BDC) accounts over the demand that the operators pay taxes on their transactions turnover, The Nation learnt yesterday. The...
The Central Bank of Nigeria sold $5.3 billion to defend the naira in October even as foreign exchange inflow into the economy fell by 5.4 percent...
