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

Michael Carrick exits Manchester United club

  Manchester United have announced Michael Carrick is leaving the club as first-team coach after spending 15 years at the club.
2 comments
Read more

Author Salman Rushdie-Ex wife Renders Support

Padma Lakshmi, ex wife to Salman Rushdie, is supporting her ex-husband in his recovery. On Friday, the famed author, Salman Rushdie was stabbed multiple times while on stage in New York City. The "Top Chef" star tweeted Sunday that she is "relieved" Rushdie is "pulling through after Friday's nightmare."  Her tweet reads: "Worried and wordless, can finally exhale," Lakshmi also wrote in her tweet. "Now hoping for swift healing." Padma. Padma Lakshmi and Salman Rushdie were a married couple from 2004 to 2007. Rushdie, 75, has long been the subject of threats because of controversy over some of his writings, he has faced years of death threats for his 1988 novel The Satanic Verses. Mr Rushdie, was left severely injured after being stabbed on stage at an event in New York state. He is now able to breathe unaided.  24 years old,Hadi Matar, of Fairview, New Jersey, was taken into custody as suspect after the attack on Mr Rushdie. Matar wa...
Post a Comment
Read more