Tag: BDC
CBN boosts liquidity, sells $20,000 to each BDC at N1,580/$
In a circular issued on September 6, 2024, and signed by Dr. W.J. Kanya, Acting Director of the CBN's Trade…
CBN approves sales of $10,000 to BDC at N1,251/$1
The apex bank directed the BDCs to sell to eligible users at a spread of not more than 1.5 per…
BDC: CBN orders sellers above $10,000 to declare sources
Mustapha said that such sellers would also be required to comply with all Anti-Money Laundering/Combating the Financing of Terrorism (…
Why some BDC operators were arrested – EFCC
According to him, EFCC’s arrest of BDC operators and currency speculators in the parallel market was not indiscriminate but a…
BDC operator Mohammed docked for N43.3m fraud in Maiduguri
The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Tuesday arraigned Bukar Mohammed before Justice Aisha…
CBN tasked on rate harmonisation as unemployment looms at BDC subsector
Alhaji Aminu Gwadabe, President, Association of Bureaux Des Change Operators of Nigeria (ABCON) has called on the CBN to harmonise…
Court orders forfeiture of N449.7m found at BDC shop
The Federal High Court in Lagos on Wednesday ordered the temporary forfeiture of the sum of N449,750,000 found in an…