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BDC

Economic Turmoil Unleashed As EFCC Targets Forex Traders Amidst Chaos, Confusion

In a turn of events, the Economic and Financial Crimes Commission (EFCC) launched a crackdown on Bureau de Change (BDC) operators, sending shockwaves through the financial markets. The operation aimed to apprehend both sellers and buyers of forex, raising questions about the

February 2, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency·News

Naira Depreciates To N1,233/$ In Parallel Market, Registers Tepid Movement Across Forex Platforms

In the currency exchange market's dynamics, the Naira traded N1,233 against the US dollar at the parallel market on Monday, as affirmed by Bureau de Change (BDC) operators.

December 26, 2023

Business·Currency

‘Japa’ Pushes UK Pound Rate To N920, As Nigerians Overwhelm Black Market

Nigerians’ quest to ‘Japa’ – a local parlance by youths connoting offshore escape from hardship and economic deprivation – has increased the value of the pound in ‘black market’. Bureau De Change (BDC) operators say that people interested in foreign trips are

December 29, 2022

Business

BDC Operators Address Unstable Forex Rates, As Naira Hit N615 Per Dollar

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urge the Central Bank of Nigeria (CBN) to partner with the group in order to end multiple exchange rates, as rise Naira grows weaker. Naira had closed the official market at

June 7, 2022

Naira Ends Week With N59.71 Gain At Official Market

Currency·Finance & Economy

Naira Gains At Official Investors Window

As the official investors and exporters windows closed on the 28th of July, the naira gained on the dollars closing N41.6/$1 representing a 0.02% appreciation compared to N411.65/$1 recorded on Tuesday, 27th July 2021. At the parallel market, naira declined significantly by

July 29, 2021

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BDC

Economic Turmoil Unleashed As EFCC Targets Forex Traders Amidst Chaos, Confusion

Naira Depreciates To N1,233/$ In Parallel Market, Registers Tepid Movement Across Forex Platforms

‘Japa’ Pushes UK Pound Rate To N920, As Nigerians Overwhelm Black Market

BDC Operators Address Unstable Forex Rates, As Naira Hit N615 Per Dollar

Naira Gains At Official Investors Window

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