•Naira and Dollar Operatives from the Economic and Financial Crimes Commission reportedly arrested some Bureau De Change operators at the popular Wuse Zone 4 market yesterday. This came as traders also said some BDC operators resisted the arrest during a sting operation, reports The PUNCH. The operatives had embarked on routine raids to saniti...
•CBN Governor Cardoso The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change Operators, accusing the affected institutions of failing to observe regulatory provisions. This was disclosed in a statement yesterday by the bank’s Acting Director, Corporate Communications, Sidi Ali Hakama. According to the apex bank, ...
•Forex Bureau De Change operators have announced shut down of operations in Abuja as a result of unavailability of dollars. This was announced by the association’s Chairman, Abdulahi Dauran, yesterday, reports Daily Trust. The naira closed at an all-time low of N1,482 against the United States dollar on the official window on Tuesday while on ...