Breaking! BDC Operators Close Operations In Abuja

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.

Comments

Asiwaju Bola Ahmed Tinubu, Wins Big In Governor Nyesom Wike's Local Government Area

The presidential candidate of the All Progressives Congress (APC) Asiwaju Ahmed Bola Tinubu, has won the Obio-Akpor, the Local Government Area of Governor Nyesom Wike in Rivers State by a landslide. Tinubu polled 80,239 votes to defeat the Candidate of the Labour Party (LP), Peter Obi, who came a distant second with 3,829 and the People’s Democratic Party (PDP), who got 368 votes.

Professor Isah Odidi, 16 Others Appointed As Directors By The Peoples Democratic Party (PDP) Presidential Campaign Council

Professor Isa Odidi and His Excellency the Waziri Adamawa, Atiku Abubakar. The Peoples Democratic Party Appoints Directors And Deputy Directors To Kick-Start Campaign. Professor Isah Odidi, has been appointed as Director, Diaspora Group by the Campaign Organisation of the Peoples Democratic Party (PDP). This appointment was contain in a Press Release on Thursday, October 06, 2022 issued by the Campaign Organisation’s Director-General and Governor of Sokoto State, Aminu Tambuwal. Professor Isah Odidi, a distinguished pharmacist, an erudite scientist, a technocrat and tireless researcher will indeed propagate the good virtues of the great party, the PDP and its Presidential candidate, Atiku Abubakar, in the Diaspora. Professor Odidi, has always asserted that Atiku Abubakar is a unifier and the best candidate to move the Nigerian nation forward, ushe...

Boris Johnson - Apologizes For Partying At Lockdown

The Prime Minister of Great Britain, Boris Johnson apologizes for attending Downing Street party during lockdown. London(CNN)Boris Johnson has apologized for attending an event in the back garden of 10 Downing Street on May 20, 2020, at which point Britons were prohibited from gathering due to strict coronavirus restrictions. At the start of the weekly session of Prime Minister's Questions, Johnson said he did attend the gathering for 25 minutes before going inside to work. He said he believed the gathering to be a work event, but with hindsight conceded he should have sent attendees back inside. Leader of the opposition Keir Starmer said the UK Prime Minister's excuse that he "did not realize he was at a party" was "ridiculous" and "offensive." The Labour Party leader went on to ask if the Prime Minister would resign. "After months of deceit and deception, the pathetic spectacle of a man who has run out of road," Starmer said. The Prime ...

Welcome To Echo Blog

Search This Blog