Bureau De Change
Operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday raided the Wuse Zone 4 axis, the bureau de change trading hub in Abuja and arrested some operators.
Justice Yellim Bogoro of a Federal High Court, Lagos, yesterday, ordered the remand of a Bureau De Change (BDC) operator, Mr. Ibrahim Butali Abdulmumin, in the custody of the Nigerian Correctional Services
Worried by the continued detention of their spouses, wives of about 49 bureau de change operators arrested by security operatives
28 Sep 2021
For Nigeria to withstand economic distortions, stakeholders have advised that it must take critical lessons from the global recessions especially, from the recent COVID-19 pandemic induced recession.
13 Sep 2021
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...
3 Aug 2021
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)
29 Jul 2021
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...
7 Sep 2020
• Multiple forex rates persist • Sanctioned firms sold dollars to importers of 42 banned items, says ABCON Local manufacturers and other members of the private sector in need of foreign exchange yesterday, reminded the Central Bank of Nigeria (CBN) of about $2 billion backlogs needed for operations and business continuity, as the apex bank…
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)
31 Dec 2019
The Association of Bureaux De Change Operators of Nigeria (ABCON) has dissociated itself from the petitions against the apex bank and its management over the deployment...
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.
10 May 2019
The Lagos State police command yesterday exhumed four bodies of Bureau De Change operators dumped in a septic tank in Ikorodu area of Lagos State. The state police command’s spokesman, Bala Elkana, who confirmed the exhumation to newsmen yesterday said on March 14, at about 5:30p.m. the command received a complaint from Ikorodu area…