Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), announced a notable increase in the country’s foreign reserves, which rose by 12.74%...
Justice K. Dagat of the Federal High Court, sitting in Maiduguri, Borno State, has convicted and sentenced three illegal bureau de change operators to...
Central Bank of Nigeria (CBN) has told the Federal High Court of Nigeria in Abuja, that Binance, crypto exchange performed banking services without proper...
Kano State Police Command has arrested 17 suspected forex hawkers for illegal operation of Bureau de Change. Spokesperson of the command, SP Abdullahi Haruna...
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,...