Tag: BDC
ABCON urges CBN to extend BDC license deadline, review requirements
The Association of Bureau De Change Operators of Nigeria (ABCON) has appealed to the Central Bank of Nigeria (CBN) to extend the deadline for...
ABCON backs CBN’s directive on non-export domiciliary accounts
The Association of Bureau De Change Operators of Nigeria (ABCON) has commended the Central Bank of Nigeria (CBN) for its recent directive to cease...
Naira appreciation and calls for CBN to sustain monetary policies
In recent times, the Naira, Nigeria’s legal tender, appears to be getting stronger after an all-time low of N1,900 in exchange for the dollar...
CBN approves daily sales of $10,000 to 1,588 BDC operators
The Central Bank of Nigeria (CBN) has approved daily sales of 10,000 dollars to 1,588 eligible Bureau de Change operators at the rate of...
CBN revokes licenses of 4,173 BDCs
The Central Bank of Nigeria (CBN) has announced the revocation of operational licenses for 4,173 Bureau de Change (BDCs) for failure to observe some...
BDC: CBN mandates sellers above $10,000 to declare sources
The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to the Bureau de Change (BDC) of the equivalent of 10,000 dollars and...
CBN issues revised draft regulatory and supervisory guidelines for BDCs, Stakeholders
The Central Bank of Nigeria (CBN) has issued a draft of revised regulatory and supervisory guidelines for all Bureau de Change (BDC) operators and...
ABCON boss cautions members on regulatory infringement
The Association of Bureau De Change Operators of Nigeria (ABCON) has cautioned its members on the need to abide by the existing laws establishing...
CBN halts sale of forex to BDCs
The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of sale of Foreign Exchange (forex) to Bureau de Change (BDC) operators in...
