Connect with us

    Hi, what are you looking for?

    E-Financial

    Abuja BDC operators shut down business due to scarcity of dollars

    BDC operator

    Bureau De Change (BDC) operators in Abuja have announced the shutdown of operations as a result of the unavailability of dollars.

    Chairman of the Association, Mallam Abdullahi Dauran, announced this in the nation’s capital, on Wednesday, Jan. 31.

    He attributed the development to online business transactions and cryptocurrency.

    Daurau said the closure of business would take effect from Thursday, February 1, 2024.

    The development comes hours after a senate panel summoned Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), over the forex crisis.

     

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    News

    Nigeria Civil Aviation Authority (NCAA) has dismissed recent claims by Senator Orji Uzor Kalu alleging lapses in pilot preparation, substance abuse among flight crews,...

    News

    Sultan of Sokoto, Alhaji Sa’ad Abubakar III, has called for the regulation of social media in Nigeria, warning that its unrestrained use poses a...

    News

    Nigerian billionaire and Senator, Ned Nwoko, has refuted the recent viral claims of domestic violence made by his wife, actress Regina Daniels. In a...

    Cryptocurrency

    A British court has received access to an additional £67 million in cryptocurrency from Zhimin Qian, also known as Yadi Zhang, the convicted mastermind...