The Central Bank of Nigeria (CBN) has approved renewed access for licensed Bureau De Change (BDC) operators to participate in the Nigerian Foreign Exchange Market (NFEM)....
The Central Bank of Nigeria (CBN) has officially extended the deadline for the ongoing Bureau De Change (BDC) recapitalisation exercise to December 31, 2025. This marks...
Bureaux De Change (BDC) operators in Nigeria have raised serious concerns over worsening foreign exchange instability amid acute difficulty in obtaining dollars from commercial banks despite...
The Central Bank of Nigeria (CBN) has extended the temporary access granted to Bureau de Change (BDC) operators for purchasing foreign exchange from the Nigerian Foreign...
Bureau De Change (BDC) operators in Nigeria are exploring merger options as a strategy to meet the Central Bank of Nigeria’s (CBN) recapitalization requirements. This development...
Bureau De Change (BDC) operators in Nigeria have said that the value of Naira has continued to depreciate in the parallel market because of the scarcity...
With three months left before the deadline set for Bureau De Change (BDC) operators to meet new capital requirements, compliance remains elusive as operators cite stringent...
The persistent weakening of the naira and the volatility of the foreign exchange market have been attributed to the inconsistent dollar allocations by the Central Bank...
The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to eligible Bureau De Change (BDC) operators. The decision was after Naira dipped...
In a move that underscores growing tensions between the Central Bank of Nigeria (CBN) and the Association of Bureau De Change Operators of Nigeria (ABCON), the...