Skip to main content

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

Post a Comment

Type your comments here

Popular posts from this blog

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.
Post a Comment
Read more

In The Spotlight

Florence Otedola aka DJ Cuppy, disc jockey and daughter of Nigerian billionaire Femi Otedola, has bagged yet another Master’s degree from the University of Oxford. Declaring her latest feat as a ‘Master of Science’ from the Oxford varsity, the 30-year-old disc jockey wrote: “FINALLY graduated from @UniofOxford … And yes, I am going to make NOISE about it. "Third Degree HOTTER! I’m now officially a “Master of Science” from Oxford University. #CuppyOnAMission.” The entertainer surprised fans with the news on Thursday via her Twitter handle where she shared snap shots from her convocation with her parents and fiance.
Post a Comment
Read more

Princess Diana-BBC Donates £1.4m Made From Diana Interview To Charities

The British Broadcasting Corporation, BBC has given £1.4m to charities associated with Diana, Princess of Wales, as the broadcaster continues to spend millions of pounds atoning for Martin Bashir’s interview with the royal in 1995. Investigations revealed Martin Bashir used fake documents to gain access to the late royal.  The payout represents the total sum received by the BBC from selling the rights to the 1995 Panorama interview to other television channels around the world. The beneficiaries are the English National Ballet, the Leprosy Mission, National Aids Trust, homeless charity Centrepoint, Great Ormond Street hospital children’s charity, the Royal Marsden cancer charity, and the Diana Award. Seven charities in total, all linked with Lady Diana. Investigations showed how Bashir had made use of deceitful means to gain access to Diana, including forged documents.  At the time of the interview, it was a global success, a breaking news headline and Bashir’s interview was o...
1 comment
Read more