All transactions involving end users' BVNs and dollar sales on foreign passports must be documented, according to new ...

The Central Bank of Nigeria (CBN) has threatened to revoke the licences of banks and other foreign exchange traders, ...

Prevailing market environment is not accommodative for BDCs. Check out one BDC that is likely to cut its dividend and one ...

The Central Bank of Nigeria, CBN, yesterday, said it will suspend the dealership license of any Bureau de Change (BDC) or ...

The Central Bank of Nigeria (CBN) has introduced new regulations limiting bureau de change (BDC) operators to purchasing a ...

The past couple of months, which include the steepening of the yield curve, have been positive for BDCs. Check out what ...

The Central Bank of Nigeria (CBN) has issued new guidelines permitting Bureau de Change (BDC) operators to purchase up to ...

CBN extended its clearance for BDCs to purchase FX from authorized dealers in order to meet the demand of the retail sector ...

The Central Bank of Nigeria (CBN) has issued new directives for Bureau de Change (BDC) operators, mandating that records be ...

Under the revised guidelines, each BDC is permitted to source foreign exchange from only one authorised dealer per week ...

The CBN has extended the temporary BDC operators to purchase foreign exchange from the Nigerian Foreign Exchange Market (NFEM ...

The new CBN guidelines for the sector also requires all Tier-1 BDCs to raise N2 billion minimum capital to remain in business, while Tier-2 BDCs are to raise N500 million minimum capital.