Tag: BDC
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Over 90% of Forex Liquidity Dry Up as BDCs Call for CBN Cooperation
The owners of the Nigerian Bureau de Change (BDC) shared a shocking revelation with the world: more than 90 percent of dollar liquidity in...
Naira Slides as Reserves Dip and BDC Recapitalization Deadline Nears
On Monday, the Nigerian naira opened the week on a sour note in the official foreign exchange market with an opening rate sliding to...
BDC attributes the depreciation of the Naira to inadequate forex allocation
A senior representative of the Association of Bureau De Change Operators (ABCON), who preferred to remain unnamed, provided insight into the Naira's continued devaluation,...
Financial analysts are divided on CBN’s dollar sales to BDC operators
The Central Bank of Nigeria's (CBN) decision to sell dollars to Bureau De Change (BDC) operators below market rate has caused a rift among...
Edo State Impeaches Deputy Governor Philip Shaibu, CBN Sells $10K to Each BDC at N1,101/$1 – Trending Today
Hello and welcome! In today's trending news stories;
1. The Edo State House of Assembly impeached Deputy Governor Comrade Philip Shaibu on Monday following the...
