Tag archive for ‘Bureau de Change’
By Bar and Bench On Saturday, May 20th, 2017

Court orders final forfeiture of abandoned N449.597m found at Bureau de Change to FG

A Federal High Court sitting in Lagos, on Friday, issued an order of final forfeiture of the sum of N449.597million abandoned in a Bureau de Change shop in Victoria Island, Lagos by the Economic and Financial Crimes More...

By Bar and Bench On Thursday, April 20th, 2017

EFCC gets court’s interim orders to forfeit N449m found in Lagos shop to FG

A Federal High Court in Lagos on Wednesday ordered the temporary forfeiture of N449, 750,000 found in an abandoned Bureau de Change shop on Victoria Island, Lagos. The trial judge, Justice Rilwan Aikawa, gave the More...

By Bar and Bench On Tuesday, March 28th, 2017

CBN directs BDCs to sell dollar at N362

The Central Bank of Nigeria (CBN), on Tuesday, crashed the rate at which it sells forex to Bureaux De Change (BDCs) in Nigeria to N360 and directed the BDCs to sell to end users at not more than N362/$1. The decision More...

By Bar and Bench On Sunday, March 26th, 2017

As Naira appreciates, Bureau de Change operators lose N130 million in one week – Official

The Naira recorded an appreciation of 12.36 per cent at the parallel market in the last one week, the News Agency of Nigeria, NAN, reports. While the Naira appreciated, the leader of bureau de change operators in More...