CAC Issues Name Change Ultimatum to 4,173 BDC Companies
The Corporate Affairs Commission (CAC) has given a three-month ultimatum to 4,173 Bureau De Change (BDC) companies to change their...
BDC Operators Back CBN’s Move to Halt Foreign Currency Collaterals for Loans
The Bureau de Change Operators’ Federation in Nigeria has voiced its agreement with the Central Bank of Nigeria’s mandate instructing...
Naira Appreciates Further To N1,382/$ Amid CBN’s Efforts and Warning to Speculators
On Thursday, the Nigerian naira saw a steady rise in its value against the US dollar, appreciating by N18 to...
CBN Sets New Forex Regulations for BDC Operations
The Central Bank of Nigeria (CBN) has issued a directive requiring entities that sell foreign exchange to Bureau De Change...
EFCC Raids BDC Operators As Naira Crashes To N857/$ At Parallel Market
EFCC arrested some Bureau de Change operators in Abuja and Kano states as the naira crashed to N857 per dollar at the parallel market.
Naira Nears N750 Per Dollar At Black Market
The continued scarcity of forex has pushed the exchange rate between the naira and dollar to N740 on Tuesday, OduNews can confirm.
Naira Exchanges N680 To Dollar At Black Market
Bureau De Change operators in parts of Lagos pegged the Nigerian currency at N680 per dollar on Thursday, OduNews reports.
Naira To Dollar Exchange Rate Further Falls To ₦685/$1 At Peer-To-Peer (P2P) Forex Market
[ODUNEWS] July 27 – The exchange rate between the Nigeria Naira(₦) and the US dollar($) has fallen to a record...
CBN’s Ban Of FX Sales Is A Trial And Error And It’s Dangerous – Expert
The Governor of Central Bank, Godwin Emefiele, has been battling with a free-falling Naira since 2015. Amid this free-fall, the...
Naira Crashes Further To 523 Against Dollar At Parallel Market After CBN Forex Ban
The naira slumped further to 523/$ at the parallel market on Wednesday, a day after the Central Bank of Nigeria...
CBN Directs BDC Operators To Sell Dollar At N386
The Central Bank of Nigeria has directed Bureau De Change (BDC) operators to sell dollars at the rate of N386....
Shehu Sani Asked Me To Pay N5m To Bribe Judges – EFCC Witness Tells Court
Sani Dauda, a prosecution witness in the criminal suit against former Kaduna Central Senator, Shehu Sani, says the ex-Senator asked...
Bureau De Change Operators To Halt Operations For Two Weeks
The Central Bank of Nigeria has granted a 2-week holiday to operators of Bureau De Change in the country. This...