BDCs | JUAL DOMAIN AGED

BDCs accuse IMTOs of ambushing external remittances, creating dollar scarcity in the parallel market

Bureau De Change (BDC) operators in Nigeria have attributed the recent depreciation of the Naira in the parallel market to scarcity of forex in the sector as major sources become drastically reduced. The Chairman of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe told Nairametrics that sources of forex to that

CBN to sell $20k to eligible BDCs at N1580/$ to meet market demand

CBN to sell k to eligible BDCs at N1580/$ to meet market demand

The Central Bank of Nigeria (CBN) has approved the sale of $20 thousand each to Bureau De Change (BDC) operators at the rate of N1,580/$ in a bid to provide more forex liquidity in the market and meet demand. The apex Bank disclosed this in a statement signed to Director of Trade & Exchange department,