• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 9, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

BDC Operators Shut Down Business In Abuja

by Leadership News
1 year ago
in News, Business
BDC
Share on WhatsAppShare on FacebookShare on XTelegram

The Abuja chapter of Association of Bureau De Change (BDC) Operators has announced the closure of their business premises indefinitely from Thursday, February 1, 2024.

Advertisement

The chairman of the Association, Abdulahi Dauran, said the scarcity of US Dollars was responsible for their decision while adding that online banking transactions and cryptocurrency were behind the scarcity of dollars.

LEADERSHIP reports that despite the Central Bank of Nigeira (CBN) clearing off the verified backlog of foreign exchange claims owed foreign airlines on Tuesday, the value of the Naira at the official market dipped significantly at the official end of the market with some trades closing at N1,513 per dollar.

The closing rate at the Nigeira Autonomous Foreign Exchange window (NAFEX) closed on Tuesday night at N1,482.57 to the dollar, a bit higher than N1,460 that the greenback sold on the streets.

On Tuesday, the parallel market maintained its exchange rate, holding steady at N1,460/$1, without any depreciation.

RELATED

Kidnappers Release Corpse Of Retired Army Major After N10m Ransom In Kogi

Kidnappers Release Corpse Of Retired Army Major After N10m Ransom In Kogi

2 hours ago
How 15 People Were Killed In Jigawa Communal Clash – Residents

Security Operatives Rescue 11 Kidnap Victims In Katsina

3 hours ago

Additionally, the official Investors and Exporters (I&E) Window saw the Naira closing at N1,482.57, reflecting a 9.94% decline or a loss of N133.95 compared to the previous day’s rate of N1,348.62.

According to data from the FMDQ website, the daily turnover for Tuesday was quoted at $72.33 million, marking a 12.50 per cent increase from the $64.29 million recorded on Monday. At the end of trading on Tuesday, the highest spot rate was N1,531 to the dollar, while the lowest spot rate recorded was N789 to the dollar.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: BDC
SendShareTweetShare
Previous Post

Ibadan: Malian Miner Denies Ownership Of Building Where Explosion Occurred

Next Post

Nigeria Air Deal Under EFCC Investigation — Keyamo

Leadership News

Leadership News

You May Like

Kidnappers Release Corpse Of Retired Army Major After N10m Ransom In Kogi
News

Kidnappers Release Corpse Of Retired Army Major After N10m Ransom In Kogi

2025/06/09
How 15 People Were Killed In Jigawa Communal Clash – Residents
News

Security Operatives Rescue 11 Kidnap Victims In Katsina

2025/06/09
Tinubu’s Public Affairs Aide, Aliyu Audu, Resigns
News

Tinubu’s Public Affairs Aide, Aliyu Audu, Resigns

2025/06/09
edo
News

Cult Clash: Pandemonium In Edo Community As Lawmaker Debunks Link

2025/06/09
Soludo Mourns Ezeife
News

Anambra Govt To Establish South East Digital Tribe

2025/06/09
Abolishing Money Marriage In Cross River North
News

Wife Seeks State, FG’s Help To Find Missing Husband

2025/06/09
Leadership Conference advertisement

LATEST

Kidnappers Release Corpse Of Retired Army Major After N10m Ransom In Kogi

Security Operatives Rescue 11 Kidnap Victims In Katsina

Tinubu’s Public Affairs Aide, Aliyu Audu, Resigns

Fan Dies After Fall During Portugal, Spain Match

Cult Clash: Pandemonium In Edo Community As Lawmaker Debunks Link

Anambra Govt To Establish South East Digital Tribe

Wife Seeks State, FG’s Help To Find Missing Husband

UNOC: Diri Calls For Action To Tackle Rising Ocean Threats

Insecurity: COAS Boosts Morale Of Frontline Troops, Harps On Professionalism

Akwa Ibom: 2 Ethnic Nationalities In War Of Words Over Ex– Gov Emmanuel’s Scorecard

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.