Abuja BDCs shut down over dollar scarcity

Bureau De Change (BDC) operators have announced the shut down of operation in Abuja as a result of unavailability of dollars.

Panic As Naira Slumps Further Against Dollar

Chairman of the Association, Mallam Abdulahi Dauran, announced this in the nation’s capital, on Wednesday.

He attributed the development to online business transactions and cryptocurrency.

Daurau said the closure of business would take effect from Thursday, February 1, 2024.

The development comes hours after a senate panel summoned Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), over forex crisis.

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