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

So Sad! A Shooter Murdered Three Children And Three Adults At Elementary School In Nashville, Tennessee

In the United States city of Nashville, Tennessee, three children and three adults have been killed at a Covenant School, a private Christian school for students aged three to eleven.                                         Image Credit: The Guardian  An ex-student of the school opened fire, in an attack which saw six people dying. The three pupils who died were all aged nine. The child victims have been named as Evelyn Dieckhaus, Hallie Scruggs and William Kinney. The adult victims were named as Cynthia Peak, 61, Katherine Koonce, 60, and Mike Hill, 61. Police said the suspect gained entry by shooting through a door at the school. A search of their home led to officers seizing more firearms. The suspect has been identified as 28-year-old Audrey Hale, officers said. There has been some confusion about Hale's gender identity - with police initially describing the attacker as a woman, ...
Post a Comment
Read more

mRNA Vaccine Technology To Be Deployed To Six African countries

WHO project, Six African countries to receive mRNA vaccine technology. By Wendell Roelf and Alexander Winning • CAPE TOWN (Reuters) -The World Health Organization said on Friday six African countries - Egypt, Kenya, Nigeria, Senegal, South Africa and Tunisia - would be the first on the continent to receive the technology needed to produce mRNA vaccines. • The technology transfer project, launched last year, aims to help low- and middle-income countries manufacture mRNA vaccines at scale and according to international standards. • mRNA is the advanced technology used by companies such as Pfizer-BioNTech and Moderna for their COVID-19 shots. Read more on  Yahoo!News
1 comment
Read more