EFCC meets with BDC, to clampdown on forex hoarders
Executive chairman of the commission Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa on Friday met with the representatives of Bureau de Change (BDC) Operators in the…
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BDCs
BDCs seeks CBN’s support to meet retail end FX demand
The Association of Bureaux De Change Operators of Nigeria (ABCON) has solicited the support of the Central Bank of Nigeria (CBN) in ensuring that Bureaux De Change (BDCs) continue to sell…
Stop borrowing dollars, borrow sense
Suddenly, as I write, the naira shot through to five hundred and twenty five to the dollar at the unencumbered parallel market after the announcement that CBN would no longer sell dollars to…
Ban on sale of forex to BDCs: A déjà vu?
After its last Monetary Policy Meeting concluded on 27th July, 2021, the apex monetary institution in Nigeria, the Central Bank of Nigeria (CBN) dropped an unexpected (though some may argue…
Manufacturers commend CBN’s dollar restriction to BDCs
The Manufacturers Association of Nigeria (MAN) has commended the decision of the Central Bank of Nigeria (CBN) to discontinue the sale of foreign exchange (FX) to Bureau De Change (BDC)…