Tag: Bureau De Change
Bureau de change operator docked for fraud
A 41-year-old member of the staff of High Flyer Bureau de Change, Ikeja, Omen Samuel, on Tuesday, appeared in an…
CBN directs banks to sell forex to BDCs
The Central Bank of Nigeria (CBN) has directed agent banks to approved international money transfer operators to sell foreign currency…
We will not spare bureaux de change involved in $2.1bn arms deal – EFCC boss
The acting Chairman of Economic and Financial Crimes Commission, Ibrahim Magu, has said that no Bureau De Change operator involved…
Naira to dollar now N208 at BDCs, Black Markets
The Naira on Friday sold against the dollar for N208 at the Bureau De Change (BDC) segment of the foreign…
Naira in big fall at forex market
The Naira on Friday depreciated against the dollar as it traded at N208 from the N191.50 it sold for on…
N155m theft: Court orders EFCC to arrest bureau de change operator
An Ikeja High Court on Monday issued a warrant of arrest against a Bureau de Change operator, Dipo Adedokun, over…
Kano BDC operator bags one year jail term for N8mn fraud
Justice Faruk Lawan of Kano State High Court Thursday 10 July 2014 convicted and sentenced one Auwalu Ibrahim to one…
Naira loses 1.5k against dollar
The Naira on Friday depreciated against the dollar, dropping by N1.5k at the Bureau De Change (BDC) market. NAN reports…
CBN ups Bureau De Change’s capital requirement to N35m
The Central Bank of Nigeria (CBN), on Monday, said it has increased the minimum capital requirement for Bureaux de Change…
Naira loses 73kb against dollar
The Naira on Monday depreciated against the dollar, dropping by 73 kobo at the official market. NAN reports that the…
Man Jailed 10yrs. Over N35m Scam
An FCT High Court in Abuja, Nigeria’s capital, on Tuesday sentenced Joseph Morah, 52, to 10 years imprisonment for obtaining…
Nigeria bans import of foreign currencies
The Central Bank of Nigeria (CBN) has banned the importation of all foreign currencies except with approval. According to a…
CBN releases names of sanctioned BDC operators
Nigeria’s central bank has released the names of 20 Bureau De Change (BDC) operators whose licences were revoked for alleged…
Money laundering: CBN sacks 20 BDCs
The Central Bank of Nigeria (CBN) has revoked the licence of 20 Bureau De Change (BDC) companies for foreign exchange…
Tafa Balogun After Me, Currency Dealer Cries Out
A bureau de change operator at the Murtala Mohammed International Airport, Lagos, Alhaji Usman Sani has dragged the former Inspector…