bdc operators
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Nigeria CBN Implements Stricter Regulations: BDC Operators Must Reapply for Licences
The Central Bank of Nigeria (CBN) mandates existing Bureau de Change operators to reapply for operational licenses, setting minimum capital requirements. Tier 1 BDCs need N2 billion, Tier 2 N500 million. Non-refundable fees apply. Effective from June 3, 2024, the guidelines aim to streamline...- Nigeria News
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- 1 min read
- bdc operators bureau de change capital requirements cbn foreign exchange market
- Category: Business
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Nigeria Nigeria's BDCs Blame Other Crypto Exchanges for Naira's Decline
The Association of Bureau De Change Operators of Nigeria (ABCON), represented by its president Aminu Gwadabe, has raised concerns over the impact of Binance-like platforms on the depreciation of the Nigerian Naira. In an interview in Abuja, Gwadabe emphasized the commitment of BDC operators to...- Nigeria News
- Article
- 1 min read
- abcon president bdc operators bdc president binance-like platforms nigerian naira
- Category: Business
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Nigeria ABCON President Confirms Naira's Rise: BDCs Purchase Dollars at N980 Amidst Market Calm
The Association of Bureau De Change Operators of Nigeria (ABCON) has revealed that BDC operators are now purchasing dollars at the rate of N980 to a dollar, marking a significant appreciation of the naira. This revelation was disclosed by the President of ABCON, Aminu Gwadebe, during a recent...- Nigeria News
- Article
- 2 min read
- abcon president bdc operators central bank of nigeria exchange rate stability forex market naira appreciation nigeria currency market
- Category: Business
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Nigeria Abuja's Currency Confusion: BDCs Set Record Straight on $1,000 Dollar Exchange Rates
In Abuja, a recent social media frenzy sparked by claims of the US Dollar exchanging for as high as N1,000 has been debunked by Bureau De Change (BDC) operators. Viral posts circulating on platforms like Facebook and X suggested that the Dollar was commanding prices between N900 and N1,000 at...- Nigeria News
- Article
- 1 min read
- abuja currency exchange bdc bdc operators dollar exchange rate
- Category: Metro
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Nigeria Naira Crisis: CBN target BDCs With N2 billion Licence Fee
Amidst a deepening forex crisis pushing the naira to a historic low of N2,000 against the dollar, the Central Bank of Nigeria (CBN) has implemented robust measures against Bureau De Change (BDC) operators. In response to the economic downturn, the National Security Adviser, Mallam Nuhu Ribadu...- Nigeria News
- Article
- 1 min read
- bdc operators bureau de change cbn cbn governor central bank of nigeria efcc forex crisis forex market naira crisis yemi cardoso
- Category: Business
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Business 5 Reasons Why Naira is Depreciating Against Dollar
The CBN in recent months had injected dollars to the inter-bank and Bureau de Change foreign exchange market in its bid to sustain forex supply to different categories of users. The Apex Bank auctioned $418 million at a marginal rate of N310 to a dollar, to airlines, agriculture, petroleum and...- ProfRem
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- aboki naira rate bdc operators naira against us dollar naira rate naira watch nigeria naira exchange rate nigeria news wh naira is falling
- Replies: 9
- Forum: Business News Links
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Business Nigerian Naira Set To Crash As BDC Operators Go Into Hiding
Nigerian naira may be heading towards doom as Bureau De Change operators, most in Lagos state have gone underground. The Central Bank capped prices that non-bank dealers can charge their customers for foreign exchange, effectively pegging the black-market rate, while endorsing the Department of...- ProfRem
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- bdc operators bdc operators go into hiding naira watch nigeria news nigerian naira
- Replies: 0
- Forum: Business News Links
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