Bdc nigeria latest news

Here are the latest news updates from the Bank of Damaturu (BDC) in Nigeria:

Latest Exchange Rate

As of today, the exchange rate at the Bank of Damaturu (BDC) in Nigeria is:

News Updates

  1. CBN Introduces New Guidelines for BDCs: The Central Bank of Nigeria (CBN) has introduced new guidelines for Bureau De Change (BDC) operators in the country. The guidelines aim to improve the efficiency and transparency of the foreign exchange market.
  2. BDCs to Operate 24/7: The CBN has announced that BDCs will now operate 24 hours a day, 7 days a week. This is aimed at improving the availability of foreign exchange to customers.
  3. New Minimum Capital Requirement for BDCs: The CBN has introduced a new minimum capital requirement of N10 million for BDCs. This is aimed at ensuring that BDCs have sufficient capital to operate efficiently.
  4. BDCs to Pay 1% Commission on FX Transactions: The CBN has announced that BDCs will pay a 1% commission on foreign exchange transactions. This is aimed at reducing the cost of foreign exchange transactions.
  5. BDCs to Operate in New Locations: The CBN has announced that BDCs will be allowed to operate in new locations across the country. This is aimed at increasing access to foreign exchange for customers.

Other News

  1. Nigeria's Foreign Exchange Reserves Fall: Nigeria's foreign exchange reserves have fallen to $43.4 billion, down from $44.4 billion in the previous week.
  2. Inflation Rate Rises to 11.37%: Nigeria's inflation rate has risen to 11.37%, up from 11.23% in the previous month.
  3. Nigeria's Economy Grows by 2.01%: Nigeria's economy has grown by 2.01% in the first quarter of the year, up from 1.95% in the previous quarter.

Please note that these news updates are subject to change and may not be up to date. It is always best to check with the Bank of Damaturu (BDC) or other reliable sources for the latest information.