Nigerians React As Dollar Shortage Forces Abuja BDCs To Halt Business Operations

Bureau De Change (BDC) operators in Abuja have declared the cessation of their operations due to the absence of available dollars. The announcement was made by Mallam Abdullahi Dauran, the Chairman of the Association, in the nation’s capital on January 31……..CONTINUE READING

Dauran linked this decision to the impact of online business transactions and cryptocurrency on their operations. The shutdown of business is scheduled to commence from Thursday, February 1, 2024.

This move follows closely on the heels of a Senate panel summoning Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), in response to the ongoing forex crisis.

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Source: Bushradiogist