BDC
28 Nov
The Special Investigations Team of the Force Criminal Investigations Department (FCID) Annex in Lagos has arrested Chinedu Ngwaka, a self-acclaimed Bureau De Change (BDC) operator, for allegedly defrauding a businessman of N320 million. Ngwaka was also found to be using a fraudulent Presidency number plate on his Toyota Hilux vehicle and possessing a fake identity…
16 Oct
The Kwara State High Court sitting in Ilorin has sentenced two internet fraudsters to six months imprisonment, with the option of a fine of N150, 000 each. In a related development, Justice AbimbolaAwogboro of the Federal High Court
14 Oct
A Bureau De Change operator, Suleiman Babangida Sani, has filed a fundamental rights enforcement suit against the Economic and Financial Crimes Commission (EFCC) for allegedly arresting, detaining, and torturing him without trial. The applicant, through his counsel, Edwin Anikwem (SAN), is also praying the court for an order mandating the EFCC to pay him N200…
23 May 2024
The Central Bank of Nigeria (CBN) has directed all existing Bureau De Change (BDC) operators to re-apply for new licences in their preferred category. In February, CBN released a ‘Draft Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria
26 Mar 2024
The Central Bank of Nigeria (CBN) has informed the Bureau de Change (BDC) operators of approval of the sale of $10,000 to each BDC at a rate of N1,251/$.
Latest
13 mins ago
The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani says ttelecom ariffs will soon increase but not by 100 per cent. Rising from a stakeholders meeting with Mobile Network Operators (MNOs) on Wednesday in Abuja, Tijani said that consultations and engagements were ongoing on the issue. The News Agency of Nigeria (NAN) reports…
20 mins ago
Some ex-Internationals have expressed concern over the choice of the Nigeria Football federation (NFF) to appointment former Mali coach Éric Chelle as the Head Coach of the Super Eagles. The News Agency of Nigeria (NAN) reports that the appointment of the 47-year-old Malian was announced on Tuesday. The ex-Internationals told NAN in separate interviews on…
27 mins ago
The Bishop of the Owo Anglican Diocese, Revd Stephen Fagbemi, has criticised the lawmaker representing the Owo/Ose federal constituency, Timehin Adelegbe, over his inaccessibility to his constituents. While speaking during a church program at the Cathedral Church of Saint Andrew, Imola Owo, headquarters of Owo Local Council Area of Ondo State, the Bishop stated that…
27 mins ago
The 2023 Presidential Candidate of the Peoples Democratic Party, (PDP) Alhaji Atiku Abubakar, and his Labour Party (LP) counterpart, Mr Peter Obi, were among key political heavyweights in the country, who Wednesday afternoon contributed graciously large sums of money to fast track infrastructural development of the University on the Niger (UNINIGER), Umunya, Oyi Council of…
30 mins ago
The National Emergency Management Agency (NEMA), Ekiti Operations Office, on Wednesday distributed relief materials to flood-affected persons in some parts of Ondo State. NEMA distributed the relief materials, under the Federal Government Special Intervention for 2024, to flood victims in Akoko North-East and Akoko North-West Federal Constituency of Ondo State. The Director-General of NEMA, Mrs…
32 mins ago
Kano State Governor Abba Kabir Yusuf has concluded arrangements to flag off the distribution of N3 billion intervention funds for victims of flood during the last rainy season. Yusuf disclosed the plan while declaring open the 23rd State Executive Council Meeting held at Kano Government House on Wednesday. Yusuf revealed that the fund released by…
34 mins ago
Joe Biden thinks he could have won reelection if he had stayed in the White House race, he said in an interview published Wednesday -- while conceding he was unsure if he would have served another full term. The 82-year-old Democrat, who leaves office on January 20, was asked by USA Today if he believed…
38 mins ago
The All Progressives Congress (APC) in Okitipupa Local Government Area (LGA) of Ondo State has officially unveiled its candidates for the council elections in the area. The News Agency of Nigeria (NAN) reports that the LGA elections is scheduled for Jan. 18 across the 18 LGA’s in the state. Mr Bode Ikulala, APC Chairman in…
38 mins ago
US President-elect Donald Trump asked the Supreme Court Wednesday to block his sentencing this week for covering up hush money payments to a porn star while he appeals his conviction. Trump made the eleventh-hour plea for a suspension of the criminal proceedings to the nation's highest court after a New York State appeals court dismissed…
41 mins ago
The Economic Community of West African States (ECOWAS) in partnership with the Red Cross Society, Federal Ministries of Foreign Affairs, and Humanitarian Affairs and Poverty Reduction has donated relief materials worth $200,000 to 1,000 households who suffered flooding last year. President, Nigerian Red Cross Society, Prince Oluyemisi Adeaga while speaking on Wednesday during the flag-off…