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,...
Justice Mohammed Nasir Yunusa of the Federal High Court in Kano has convicted and sentenced two illegal Bureau-de-Change operators identified as Munkaila Sani and...
Central Bank of Nigeria, CBN has excluded governments, commercial banks, merchant banks, Other Financial Institutions, OFIs , public officers among other parties from owning...
Nigerian naira slid further at the parallel market late Tuesday in spite of the Federal Government ordering raids on Bureau De Change (BDC) operators...