The naira recorded its first depreciation in the parallel foreign exchange market on Wednesday since the start of the week. A ...

Ilorin the Kwara State capital, has convicted and sentenced three bureau de change dealers for operating without licence.

The anti-graft agency said the defendant disguised as a bureau de change operator to defraud his victims of N1.3 billion.

The Central Bank of Nigeria (CBN) has unveiled new regulations restricting Bureau de Change (BDC) operators to sourcing a maximum of $25,000 in foreign exchange per week from a single authorised ...

The President of the Association of Bureaux De Change Operators of Nigeria, Aminu Gwadabe, has urged the Central Bank of Nigeria to review the capital requirements for BDCs. Gwadebe said this in a ...

The Association of Bureaux De Change Operators of Nigeria (ABCON), at the weekend, called on the Central Bank of Nigeria (CBN) to review downwards, the huge capital requirement for Bureaux de ...

The Central Bank of Nigeria (CBN) yesterday extended the $25,000 weekly sale to Bureaux De Change (BDCs) at the Nigeria Foreign Exchange Market (NFEM) by four months ending May 30. In a statement ...

According to CardinalStone Research’s daily market report, the naira rate appreciated by 1.04 per cent to 1,494.03/$ on the official window, while the parallel market rate also appreciated by 1.66 per ...

The Naira has extended appreciation against the dollar at the parallel foreign exchange market amid the Central Bank of Nigeria’s reforms. A Bureau de Change operator at Wuse Zone 4 Abuja ...