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Breaking! BDC Operators Close Operations In Abuja - Over Dollar Scarcity

Bureau De Change operators have announced shut down of operations in Abuja as a result of unavailability of the dollars, 

The Chairman of the association, Abdullahi Dauran, made the announcement on Wednesday.

The chairman of the Association of Bureau De Change Abuja chapter, issued the directive to stop sales as the exchange rates in both the official and parallel markets have become unfavourable.

Dauran attributed the closure to online business transactions and cryptocurrency.

Echoblog spoke to Jamilu a BDC owner who also confirmed the news.

The closure of business would take effect from Thursday, February 1, 2024.

On Tuesday naira closed at an all-time low of N1,482 against the United States dollar on the official window.

It stayed stable at N1,450/$ at the parallel market.



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