
Latest News
JUST-IN: CBN Stops Dollar Sale To BDCs

The Central Bank of Nigeria (CBN) has said it will immediately stop sales of foreign exchange to operators of Bureau De Change (BDCs) in the country.

The Central Bank said it has evidence that shows that the BDCs were engaging in rent-seeking with regard to sale of dollars.
CBN governor, Godwin Emefiele, made the claim on Tuesday during a virtual press briefing to mark end of the Monetary Policy Meeting (MPC) of the apex bank.
The CBN governor said the apex bank “will deal ruthlessly” with commercial banks that are colluding with the BDCs who sell dollars at the black market.
READ ALSO: #BBNaija Shine Ya Eye: Angel Close To Having First $3x In The House As She Cuddles Sammy In Bed
“It’s a huge haemorrhage on our scarce resources,” Emefiele said, adding, “BDCs have turned themselves to agents that facilitate graft.”
He advised those who have reasons to use Forex to approach their banks and would be promptly attended to.
“You should now go to your bank to get your dollar. Indeed, it will be transferred to you electronically. Go to your bank. We are so disappointed and we cannot continue with them. They now engage in corruption,” Emefiele stated.
- Latest News1 week ago
Check Out What The Man Who Resigned From The Army To Campaign For Peter Obi Just Did To His House In Gombe(Photos)
- Local news6 days ago
2023 Presidency: Sokoto On Standstill As ObiDatti Movement Makes Massive In Road In The North (Photos)
- Politics2 days ago
TSG Thanks Asiwaju Over Faleke’s Appointment As PCC Secretary
- Gist4 days ago
Married Woman And Her Lover Cry Out For Help After Getting Stuck In Each Other While Having S3x (VIDEO)
- Politics1 week ago
Obidient Couple: See Wetin Husband And Wife Wear Go Church Wey Dey Scatta Internet Upadan (Photo)
- Latest News1 week ago
IPOB Announces New Acting Leader (PHOTO)
- Gist3 days ago
Controversial Relationship Counsellor Displays ‘New Wild S3x Styles With A Lady On Live TV (VIDEO)
- Latest News1 week ago
Go And Verify: Peter Obi’s Handing Over Statement Of Over 47 M USD Of Anambra Investment Funds To Obiano Surfaces Online (Photo)
- Latest News12 hours ago
2023: Peter Obi, Ortom, Duke, Mimiko, Others Meet Wike In Port Harcourt
- Gist4 days ago
Drama As No-nonsense Mother Catches Her Teenage Daughter At A Hotel With A Man (VIDEO)
- Local news1 day ago
Peter Obi Emerges 2022 ‘Man Of The Year’
- Gist6 days ago
Hajia Bintu’s Video Got People Talking On Social Media (WATCH)