BDCs Caution Members Against Speculation, Dollar Exchanges N461/$     The Association of Bureaux De Change Operators of Nigeria has warned its members and forex speculators putting pressure on the naira to stop the practice or risk losing their money. This came as the dollar was on Wednesday...

Naira Plunges Further, Dollar Sells For N412   The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market. This followed a temporary suspension of sale of forex to the Bureau De Change operators in the industry by the Central Bank of...

COVID-19: CBN Grants Two-week Market Holidays To BDCs   The Central Bank of Nigeria (CBN) has granted a two week market holidays to the Bureaux De Change operators. This followed a request by the Association of Bureaux De Change Operators of Nigeria (ABCON) to the CBN for...

ABCON Directs BDCs To Comply With N380/$ Rate   The Association of Bureaux De Change Operators of Nigeria has directed its members across the country to comply with the new official exchange rate of N380 per dollar as well as other provisions of the new foreign...

How CBN, BDCs Stopped Further Crash Of Naira   Indications emerged at the weekend as to how the Central Bank of Nigeria and bureau de change operators (BDCs) rallied round to forestall further crash of the naira. The Nation was reliably informed that following the crash of...

BDCs Seek Stake In $25bn Diaspora Remittances   The Association of Bureaux De Change Operators of Nigeria has said the BDCs should be one of the channels for receiving Diaspora remittances into the economy. The association said in a statement that Diaspora remittances to Nigeria were estimated...