24hrs News & Updates
The Central Bank of Nigeria on Monday said it sold $10,000 to each Bureau De Change operators at a rate of N1,251 per U.S. dollar. This was made known in a circular addressed to the President of the Association of Bureau De Change operators of Nigeria. In the circular, signed by Hassan Mahmud, the Director…
Read More “CBN Sells Dollar To BDCs At N1,251/$, Prescribes Regulated Sales Margin” »
The Federal Government has made public the complete list of people and groups funding terrorism in Nigeria. The Islamic cleric Sheikh Ahmad Gumi’s close supporter Tukur Mamu is on the Federal Government’s list. Six Bureau De Change, or BDC, operators are also listed. Remember that nine people and six Bureau De Change operators were among…
Read More “FG Names Gumi’s Ally Mamu, 8 Ithers, 6 BDCs Terrorism Financiers” »
Information filtering in indicate that the Central Bank of Nigeria (CBN) has revoked the operational licenses of 4,173 Bureau de Change (BDCs) operators in the country. This was contained in a statement on Friday by Sidi Ali Hakama, CBN’s acting director of corporate communications. The statement reads: “The Central Bank of Nigeria (CBN), in exercise…
Read More “CBN Revokes Operational Licenses Of BDCs (see list)” »
The Central Bank of Nigeria has announced it’s plans to reintroduce Bureau de Change Operators in Nigeria into the foreign exchange market a few days after threatening speculators. The bank announced its reintroduction in a circular addressed to BDCs and the public titled, ‘Operational Mechanism For Bureau De Change Operations In Nigeria.’ The development is…
Read More “BDCs Take Center Stage Again As CBN Issues New Guidelines For Sale Of Dollar” »