The Middle Belt Forum (MBF) has challenged the Federal Government to yield to public demand of unveiling the sponsors of Boko Haram, especially the 400 Bureau de Change (BDC) operators...
Citing the abuse of the foreign exchange market by Bureau De Change (BDC) operators, local manufacturers have expressed optimism that the decision by the Central Bank of Nigeria (CBN)
The dollar pulled back at the parallel market at the weekend on the strength of rising market optimism and ease of panic over the stoppage of foreign exchange sale to the bureau de change (BDC) operators.
Twenty four hours after the Central Bank of Nigeria (CBN) came down hard on Bureau De Change (BDC) operators for allegedly facilitating money laundering and other forex infractions...
The Central Bank of Nigeria (CBN), in a rare courage, yesterday, ended foreign exchange (FX) supply to bureau de change (BDC) operators and registration of new players with immediate effect.
Bureaux De Change (BDC) Directors have reiterated commitment to stable exchange rate and sound corporate governance practices. This was part of resolutions made at the end of an exclusive meeting of BDC Directors...
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to make Bureaux De Change (BDC) operators payout agents for the Diaspora remittances.
The Central Bank of Nigeria (CBN)-licensed Bureau De Change (BDC) operators have declared operational war against foreign exchange speculators and black market dealers whose activities they accused of distorting the foreign exchange (FX) market....
13 Jan 2020
The Central Bank of Nigeria (CBN), at the weekend, made its first foreign exchange (forex) intervention for the year, with $253.38 million, under the retail Secondary Market Intervention Sales (SMIS)
7 Nov 2019
Despite the increasing awareness and reforms in the Bureau De Change (BDC) sub-sector, a significant number of operators are below the requisite rules guiding their activities, the Financial Stability Report of the Central Bank of Nigeria....
2 Sep 2019
There is no doubt that a lot has happened with the Bureau De Change (BDC) segment of the nation’s foreign exchange (forex) market. They are regarded as the weakest link and most implicated, whether true or false when things go awry in the forex market.
6 May 2019
Commentary on the Foreign Exchange (FX) market with data for the week-ended May 3, 2019.both the Small and Medium-scale Enterprises (SMEs) and the Retail (Invisibles) segment ▪ In the Investors’ & Exporters’ (I&E) FX Window,the total value of trades for the week-ended April year-to-date (YTD) value of trades at the window to $25.76 billion week-ended…