Tag: BDC
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CBN debunks BDC recapitalisation deadline shift
The Central Bank of Nigeria (CBN) has debunked a news story circulating that suggested it had extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to Dec. 31.
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BDC operators seek exemption from excise taxes
The Association of Bureau De Change Operators (ABCON) on Thursday sought the exemption of excise taxes on foreign exchange transactions.
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CBN issues new FX guidelines to BDC operators
The Central Bank of Nigeria (CBN) has issued new guidelines restricting Bureau de Change (BDC) operators to purchasing foreign exchange from a single authorised dealer per week.
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CBN approves $20,000 for eligible BDCs at N1,580 exchange rate
The Central Bank of Nigeria (CBN), says it has approved 20,000 dollars each for eligible Bureaux De Change (BDCs) at the rate of N1,580 to a dollar. This is according to a statement issued by Dr Williams kanaya, the Acting Director, Trade and Exchange Department of the apex bank.
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BDC association mulls unified market for operators
The Association of Bureau De Change Operators of Nigeria (ABCON) has warned economic saboteurs speculating and hoarding the Naira to desist from such act.
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How BDC operator allegedly defrauded me of $63,950 – Man tells court
A businessman, Mr Chinedu Igbokwe, on Tuesday, told an Ikeja Special Court how a Bureau de Change operator, Abdulami Isah, allegedly defrauded him of $63,950. Igbokwe, who was led in evidence by the Economic and Financial Crimes
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Superiors call lawyer to withdraw case against BDC operators
A prosecutor in Lagos State has been called by his superiors to withdraw a case levelled against some Bureau de Change (BDC) operators in the State from court.
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Kano BDC operators sent to jail for operating without licence
Three Bureau de Change operators have been convicted and sentenced to three years in prison for operating without a requisite licence in Kano State.
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BREAKING: CBN revokes operational licences of 4,173 BDC operators [SEE FULL LIST]
The Central Bank of Nigeria (CBN) has revoked the operational licences of 4,173 Bureau De Change (BDC) operators and published the list of BDCs affected.
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CBN approves $20,000 to BDCs to meet demands
The Central Bank of Nigeria (CBN) on Tuesday approved allocation of 20,000 dollars to all eligible Bureau De Change (BDC) operators across the country as part of its on-going reforms. Dr Hassan Mahmud, Director, Trade and Exchange Department, CBN, i