Forex Scarcity: BDCs Fear N300bn Loss, Job Cuts
More than two months after the Central Bank of Nigeria stopped the sale of forex to its licensed Bureau de Change operators, workers in the sector are being laid off over scarcity of forex, findings have revealed.
Operators...
Naira Slides To 505/$ As CBN Stops Forex Sale To BDCs
The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced the discontinuity of forex supplies to the Bureau de Change Operators in...
Naira Exchanges For 503/$ At Parallel Market
The naira exchanged to the dollar at 503 at the parallel market on Friday according to the Bureau de Change operators.
Figures obtained from naijbdcs.com, the official website for the licensed BDCs by the Central Bank of Nigeria showed...
ABCON To Forex Users: Patronise CBN-licenced BDCs
The Association of Bureaux De Change Operators of Nigeria has advised foreign exchange users and the general public to patronise only BDC operators licensed by the Central Bank of Nigeria in order to get dollars at the approved...
CBN To Sanction BDCs, Banks Rejecting Lower Dollar Bills
Deposit Money Banks (DMBs) and authorised Bureau De Change (BDC) operators who reject old and lower denomination of the United States dollar bills will be sanctioned, the Central Bank of Nigeria (CBN) said yesterday.
A circular signed...
BDCs Record N1trn Turnover, Seek Diaspora Remittances Agency
The Association of Bureaux de Change Operators of Nigeria has said that its annual turnover is now N1tn.
The President, ABCON, Alh Aminu Gwadabe, said this during a virtual event with the theme ‘BDCs’ operations: A trillion-naira sub...
