• BDCs clampdown forces forex transaction underground

    BDCs clampdown forces forex transaction underground

    Foreign currencies transaction at the Bureau de Change segment of the foreign exchange market has been stifled since the clamp down on the operators by security agencies.

    An investigation by the News Agency of Nigeria on Tuesday in Abuja revealed that activities in the segment were conducted in secret since Monday.

    This is because most of the operators do not want to sell the foreign currencies at the price fixed by the Central Bank of Nigeria.

    Operatives of the Department of State Services […]