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Nigeria
Punch
Crime & Justice
Court convicts, fines firm for illegal BDC operation in Lagos
A Nigerian court has convicted AP McNisi Initiatives Limited for unlawfully conducting Bureau De Change operations, imposing a fine for violating foreign exchange laws.
Feb 20 • 18:18 UTC
🇳🇬
Nigeria
Punch
National & Local
Naira set to strengthen with new BDC dollar limit
Market analysts predict that the naira will strengthen against the dollar following the Central Bank of Nigeria's announcement allowing Bureau de Change operators to purchase up to $150,000 weekly.
Feb 12 • 01:19 UTC
🇳🇬
Nigeria
Punch
National & Local
CBN approves $150,000 weekly FX sales to BDCs
The Central Bank of Nigeria has authorized licensed Bureau De Change operators to purchase up to $150,000 weekly in a bid to improve foreign exchange liquidity.
Feb 11 • 06:21 UTC