Tag: Bureau De Change operators

CBN sells $10,000 to eligible Bureau De Change operators at N1,101 to $1

Bode DoluLeave a Comment on CBN sells $10,000 to eligible Bureau De Change operators at N1,101 to $1

In a circular signed by Dr. W.J. Kanya for Director, Trade & Exchange Department which was uploaded to its website on Monday, April 8, 2024, the Central Bank of Nigeria (CBN) has again announced the sales of dollars to eligible Bureau De Change (BDC) operators. The apex bank said it is set to sell $10,000 […]

Continue Reading

CBN revokes 4,173 Bureau De Change operators’ licences

Bode DoluLeave a Comment on CBN revokes 4,173 Bureau De Change operators’ licences

Central Bank of Nigeria (CBN), on Friday, revoked the licences of 4,173 Bureau De Change operators over their failure to meet regulatory guidelines. The apex bank disclosed this in a statement by its acting Director, Corporate Communications, Sidi Hakama. This means there will now be 1,517 operational BDCs from the initial 5,690. In the CBN […]

Continue Reading