Economic and Financial Crimes Commission has secured the conviction of 23 illegal Bureau De Change operators and naira racketeers within the last month. The...
Central Bank of Nigeria (CBN) has banned the use of foreign currency-denominated collaterals for naira loans. This was contained in a circular dated April...
Nigeria’s bureau de change (BDC) market has grown significantly since 2005. Within that period (2005 to 2006) there were less than 100 operational BDCs,...
Nigerian naira slid further at the parallel market late Tuesday in spite of the Federal Government ordering raids on Bureau De Change (BDC) operators...