Tag: Association Of Bureau De Change Operators Of Nigeria

Nigerian naira hits record low of 345 vs dollar

February 15, 2016/Reuters Nigeria’s naira weakened to a record 345 to the dollar on the parallel market on Monday, increasing pressure on the government to devalue the official exchange rate to narrow the gap and spare Nigerians from huge bills for imported goods. The local currency eased 1.47 percent from […]

$2.1B Arms Scandal: Why We Won’t Spare Indicted Bureaux De Change

By Emmanuel Asiwe, huhuonline.com January 6, 2016 Acting Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has declared that every Bureau De Change operator indicted in the $2.1 billion arms deal probe will be prosecuted. Currently, more revelations have continued to emerge with some of those indicted either […]