bdc

  1. Abuja's Currency Confusion: BDCs Set Record Straight on $1,000 Dollar Exchange Rates

    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...
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    Business Coronavirus: CBN suspends sales of forex to BDCs - Premium Times Nigeria

    https://www.premiumtimesng.com/news/top-news/384239-coronavirus-cbn-suspends-sales-of-forex-to-bdcs.html
  3. curator

    Business BDC operators list recipes for stronger naira – Vanguard News

    The Association of Bureaux De Change Operators of Nigeria (ABCON) on Wednesday listed recipes for a stronger naira and a more stable exchange rate in 2018. Alhaji Aminu Gwadabe, President of ABCON, said the recipes were agreed at a meeting of the operators in Lagos. Gwadabe urged the CBN to...
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    Business Naira to Record Gain Next Week - BDCs

    Nigerian naira may stabilise on the parallel market after international money transfer agencies started selling dollars to Bureau De Change operators in line with the Central Bank of Nigeria directive. The naira was quoted at 473 to the dollar on the black market on Friday, compared with 480...
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    Business Naira: How New Interbank Market Influenced Parallel Market Rate - BDC President

    The Naira on Monday depreciated marginally against the dollar, exchanging at N346/$, the President of the Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, has stated. This follows the launch of the interbank market by the Central Bank of Nigeria, CBN on Monday...
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    Business CBN Moves to End Forex Round-tripping , Bars Dollar Sale to BDCs

    The Central Bank of Nigeria has made a definitive move to end round-tripping, double-dealing and other practices of unwholesome gaining from the country's foreign exchange market. Round-tripping is the illegal sale of foreign exchange sourced from official market into the unofficial segment of...
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