The die is cast. The official remittance market is in a battle for survival on all fronts. First, its old foe – the informal channels – is not relenting. And peer-to-peer (P2P) transfer is rearing its ugly head in readiness
The Bankers’ Committee, yesterday, warned against abuse of the new foreign exchange (FX) sale, saying individuals who circumvent the process would be handed over to the law enforcement agents.
23 Mar 2020
The Association of Bureaux De Change Operators of Nigeria (ABCON) has directed bureaux de change (BDCs) across the country to comply with the new official exchange rate of N380 per dollar as well as other provisions of the new foreign exchange regime.
30 Dec 2019
The Bureaux De Change (BDCs) have for years supported Nigeria’s growth agenda and the commitment to exchange rate stability by the Central Bank of Nigeria (CBN)
30 Jan 2019
The operators of Boudreaux De Change (BDCs), in the country have appealed to the Central Bank of Nigeria (CBN), to restore its self-regulatory status to ensure effective coordination of the over 4,500 members.
5 Jun 2018
The Central Bank of Nigeria (CBN) has approved an upward review of the trading margin available to operators of Bureau De Change (BDC) in the country.
8 May 2018
The Bureau De Change operators have expressed over the many challenges that they have had to contend with, which they said, have inhibited their operations and in carrying out their daily legitimate activities.