At least 180 Bureau De Change (BDC) operators nabbed by security operatives for alleged link to terrorism financing paid N900 million in penalties before they returned to their businesses, Daily Trust reports.
Thursday, 3rd June 2021: The exchange rate between the naira and the US dollar closed as at N410.9/$1 at the official Investors and Exporters window.
Naira appreciated against the US dollar on Thursday to close at N410.9 to a dollar, representing a 0.04 gain compared to N411.06/$1 recorded on Wednesday, 2nd June 2021.
On the other hand, naira depreciated against the US dollar on Thursday at the parallel market to close at N499 to a dollar. It fell from N498/$1 recorded on Wednesday, 2nd June 2021 to N499/$1 on Thursday.
Meanwhile, the Association of Bureau De Change Operators of Nigeria (ABCON) revealed that they will be commencing, what they called “Operation No Street Trading” to stop the hawking of foreign exchange by BDC operators.
Forex: ABCON bans street hawking, moves to cut rate punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
The Association of Bureaux De Change Operators of Nigeria (ABCON) says it will launch an "Operation No Street Trading" to stop street hawking of forex.