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Tag "BDC operators"

EXTRA: ‘Deep Freezer Ltd, Rice and Beans Ltd’ — unusual names of CBN-approved BDC operators

    EXTRA: ‘Deep Freezer Ltd, Rice and Beans Ltd’ — unusual names of CBN-approved BDC operators

Nigeria’s bureau de change (BDC) market has grown significantly since 2005. Within that period (2005 to 2006) there were less than 100 operational BDCs, with the Central Bank of Nigeria

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Peter Obi: Clampdown on BDC operators will worsen FX situation

    Peter Obi: Clampdown on BDC operators will worsen FX situation

Peter Obi, former governor of Anambra state, says the reported clampdown on Bureaux De Change (BDCs) operators by government agencies is ill-advised and wrongly directed. The Economic and Financial Crimes

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Police arrest The Whistler journalist covering EFCC raid of Abuja BDC operators

    Police arrest The Whistler journalist covering EFCC raid of Abuja BDC operators

The anti-violence crime unit of the Nigerian Police Force (NPF) has arrested Kasarachi Aniagolu, a journalist with the Whistler Newspaper, in Abuja, the nation’s capital. In a statement on Wednesday,

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ABCON calls on CBN to grant BDCs autonomy to digitise operations

    ABCON calls on CBN to grant BDCs autonomy to digitise operations

The Association of Bureaux De Change Operators of Nigeria has called on the Central Bank of Nigeria (CBN) to grant its operators digital autonomy in order to achieve exchange rate

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Naira appreciates to N737/$ at parallel market as dollar demand slows

  Naira appreciates to N737/$ at parallel market as dollar demand slows

The naira, on Wednesday, appreciated to N737 per dollar at the parallel section of the foreign exchange (FX) market, popularly

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Naira falls to N756/$ at parallel market amid high FX demand

  Naira falls to N756/$ at parallel market amid high FX demand

The naira, on Friday, tumbled to N756 per dollar at the parallel section of the foreign exchange market. The figure

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Naira appreciates to N825/$ at parallel market

  Naira appreciates to N825/$ at parallel market

The naira, on Wednesday, appreciated against the dollar at the parallel section of the foreign exchange market amid increased liquidity.

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Naira slides to N683/$ at parallel market as FX demand intensifies

  Naira slides to N683/$ at parallel market as FX demand intensifies

The naira has dropped to N683 per dollar at the parallel section of the foreign exchange (FX) market, popularly called

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‘Desist or risk arrest’– EFCC vows to clamp down on FX hoarders in Lagos, Kano

  ‘Desist or risk arrest’– EFCC vows to clamp down on FX hoarders in Lagos, Kano

Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), says the agency will go after persons and organisations

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Naira hits 620/$ at parallel market amid surge in FX demand

  Naira hits 620/$ at parallel market amid surge in FX demand

The naira, on Thursday, fell to N620 per dollar at the parallel market amid the lingering scarcity of the greenback.

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