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Tag "BDC"

ABCON to FG: Stop Binance’s operations in Nigeria to strengthen naira

    ABCON to FG: Stop Binance’s operations in Nigeria to strengthen naira

The Association of Bureaux De Change Operators of Nigeria (ABCON) says Binance, the cryptocurrency exchange company, must be stopped from operating in the country. In an interview with NAN in

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REVEALED: How terrorists use POS operators, fintech platforms, NGOs to move funds 

    REVEALED: How terrorists use POS operators, fintech platforms, NGOs to move funds 

Fintech platforms, point of sale (POS) operators and non-governmental organisations (NGOs) are being used by terrorists to move funds, findings by the federal government have shown.  The findings were revealed

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EFCC raids offices of BDC operators in Abuja amid naira depreciation

    EFCC raids offices of BDC operators in Abuja amid naira depreciation

Officers of the Economic and Financial Crimes Commission (EFCC) raided the offices of bureau de change operators in Abuja. The EFCC officials operated at the Sheraton Hotel area of Abuja

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Again, naira crosses N700/$ mark at parallel market

    Again, naira crosses N700/$ mark at parallel market

The naira has continued its downward trend, falling to N702 per dollar at the parallel market on Monday. The figure represents N10 or 1.4 percent depreciation compared to the N692

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Naira strengthens to N665/$ at parallel market — days after EFCC raided BDC hub

  Naira strengthens to N665/$ at parallel market — days after EFCC raided BDC hub

The naira, on Tuesday, sustained its momentum at the parallel market, appreciating to N665 per dollar a few days after

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Newspaper Headlines: ASUU strike looms as FG and lecturers lock horns

  Newspaper Headlines: ASUU strike looms as FG and lecturers lock horns

The decision of the Central Bank of Nigeria (CBN) to stop forex sales to bureau de change (BDC) operators in

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Sanusi to CBN: Fund BDCs to stabilise naira

  Sanusi to CBN: Fund BDCs to stabilise naira

Muhammad Sanusi, former emir of Kano, has asked the Central Bank of Nigeria (CBN) to provide funding for bureaux de

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ABCON: Reopening BDC window will crash exchange rate spike

  ABCON: Reopening BDC window will crash exchange rate spike

The Association of Bureau De Change Operators of Nigeria (ABCON) says reopening the bureau de change window for foreign exchange

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Naira stable as CBN injects $210m into forex market

  Naira stable as CBN injects $210m into forex market

The Central Bank of Nigeria (CBN) on Tuesday injected $210million into various segments of the foreign exchange market. This is

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CBN suspends 195 BDCs, 19 banks for breaching FX directives

  CBN suspends 195 BDCs, 19 banks for breaching FX directives

The Central Bank of Nigeria (CBN) has suspended 195 bureau de change (BDC) operators from the Nigerian foreign exchange (forex)

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