BDC operators
10 Dec
The Central Bank of Nigeria (CBN) has debunked reports that claimed it has approved the sale of foreign exchange to Bureau De Change (BDC) operators to meet retail demand for invisible transactions. The purported directive that carries CBN letterhead alleged that the CBN authorised the sale of $20,000 to each BDC operator at a specific…
8 Apr 2024
The Central Bank of Nigeria (CBN) has approved daily sales of 10,000 dollars to 1,588 eligible Bureau De Change operators at the rate of N1,101 to the dollar.
1 Apr 2024
The Association of Bureaux de Change Operators of Nigeria (ABCON) has lauded the decision of Olayemi Cardoso-led Central Bank of Nigeria (CBN) to bring back bureau de change (BDC) operators into the mainstream FX market as a major factor driving exchange rate stability.
29 Feb 2024
Despite the demolition, yesterday by the Federal Capital Development Authority (FCDA) of buildings, shops and shanties housing Bureau De Change (BDC) operators in the latter’s Wuse Zone 4 headquarters, agents were still seeing around the premises shopping for customers.
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