The Central Bank of Nigeria (CBN) says it has banned sale of foreign exchange (FX) to Bureau De Change (BDCs) operators in the country. The governor of the apex bank, Godwin Emefiele, announced this decision at the end of the monetary policy committee meeting in Abuja on Tuesday. Emefiele said the apex bank received about […]
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Five Nigerians has been arrested in United Arab Emirate (UAE), for allegedly robbing a bureau de change in Sharjah. It was reported that the suspects fled with cash of different currency worth Dh2.3 million (N226,182,000). According to the Sharjah police, the men barged into the exchange and smashed the glass barrier between the customers and […]
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The Economic and Financial Crimes Commission (EFCC) on Friday recovered N449 million in an abandoned bureau de change in Victoria Island, Lagos. Wilson Uwujaren, spokesman of the commission, disclosed this in a statement, saying the commission acted based on a tip-off from a whistleblower. According to his statement, “the Economic and Financial Crimes Commission, EFCC, […]
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The Central Bank of Nigeria (CBN), on Tuesday slashed the rate at which it sells forex to Bureaux De Change (BDCs) in Nigeria to N360 and directed the BDCs to sell to end users at not more than N362 to a dollar, the News Agency of Nigeria, NAN, reports.. This is coming barely 24 hours […]
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