The Central Bank of Nigeria (CBN) has indicated that it will immediately commence the refund of capital deposit to Bureaux de Change (BDC) applicants with pending applications. The apex bank disclosed this in a circular signed by Mr. Ibrahim Tukur for the Director, Financial Policy and Regulation Department. The circular stated the monetary stance was […]
The Central Bank of Nigeria (CBN) has suspended the sale of foreign exchange (Forex) to Bureaux De Change (BDC) operators in the country with immediate effect. The CBN Governor, Godwin Emefiele, made this disclosure on Tuesday while briefing the media on the decisions taken at the end of the apex bank’s Monetary Policy Committee two-day […]
The Association of Bureaux De Change Operators of Nigeria, ABCON, the umbrella body of Bureaux De Change operators in the country, has appealed to the monetary authorities to extend the January 31 earlier set as deadline for the renewal of its members’ licences