Bureau De Change (BDC) is any company that is licenced by the Central Bank of Nigeria (CBN) to carry out small scale foreign exchange business in Nigeria.
BDCs are regulated by the apex bank and as such, they are expected to carry out their dealings in line with the monetary policy of the CBN.
As the pressure on Nigerian Naira continues, one of our readers asked, “Is it possible to buy dollars directly from Central Bank of Nigeria (CBN)?
In this post, we’ll share some tips with you on how to get access to forex from Nigeria’s apex bank irrespective of your location from the list of Bureau De Change in Nigeria as certified by the CBN.
Nigeria’s government released the timetable for survival fund application for the N75 billion for Micro, Small and Medium Enterprises (MSMEs) and Guaranteed Off-take schemes. The application begins Monday, September 21, 2020
It seems the world is moving towards digital currency, making thousands of people around the world to get involved, in all these how do you identify cryptocurrency scams and fraudulent Initial Coin Offerings (ICOs)?
After the global pandemic, business owners will have to focus on increasing sales and lowering cost, unfortunately, eight out 10 SMEs fail within the first 18 months, says Bloomberg. In this post, we’ll share with you 60 effective ways to cut business expenses in Nigeria.
Unlike China, Sweden, and Canada, Australia says Central bank Digital Currency (CBDC) is necessary right now, says Reserve Bank, whether the country would consider it in future remains an unanswered question among cryptocurrency enthusiasts.
Nigerian financial service providers OPay says it will be collaborating with a cross-border money transfer firm, WorldRemit, to offer international money transfers directly into OPay mobile wallets right here in Nigeria.
After several years of ban and warnings to Nigerians not to indulge in cryptocurrency-based businesses, Nigeria’s capital market and investment regulator, Securities and Exchange Commission (SEC), has agreed to adequately regulate the activities of the digital currencies in the country.
On Thursday, September 3, 2020, some online platforms reported that the Federal Government has released N-Power Batch C final list.
Without wasting your time, the report is FAKE. N-Power was yet to release the batch c final list at the time of this report.
As a promoter of inclusive financial technology, we’re thrilled to discover that Africa’s foremost online and offline payment firm PayStack added Kuda Bank, another technology-driven financial institution to its list of pay with bank channel.
Bitcoin and other cryptocurrencies were established to bring about a new and secure means of transaction, free from bankers and brokers.
But, as this technology becomes more popular across the world, many people are now becoming uneasy with the idea of being the only ones with access to their online investment.
“Increasingly more use of crypto for politically motivated purposes will push crypto acceptance and adaption by the masses – and the political field. Great development,” a cryptocurrency investment platform Crypto Mastermind tweeted Thursday, August 20, 2020
A Malta-based cryptocurrency trading exchange platform OKEx has explained how hackers gained access into its trading cryptocurrencies platform stealing $5.6 million worth of Ethereum Classic in the process.
Bitcoin advocate Max Keiser is optimistic that BTC might get $1 trl allocated by global investment funds in the near future.
His prediction is coming on the heels of another investor and billionaire Warren Buffett moving part of his investment to gold.
A cryptocurrency advocate Andreas Antonopoulos has spoken on how Hex Team offered a bribe of 10 bitcoin for him to promote their token for an interview. In the current price index, 10BTC is $117,637.61 US dollar
Four top biggest financial institutions in South Korea Shinhan, Woori, NH Nonghyup and Kookmin banks have announced their plan to introduce cryptocurrency-assets services to their customers.
The four banks according to report hold a combined value of more than 1.2 trillion US dollars in assets.
An Australian Court has jailed a woman hacker for stealing 100,000 units of the ripple (XRP) worth $300,000.
Information Age, a local media in Australia reported that Kathryn Nguyen, 25, was sentenced to a maximum of two years and three months in jail.
The hashtag #Bitcoin was trending in Nigeria Monday, August 10, 2020, with more than 49K tweets as BTC price breached the $12,000 on trading markets around the World.
The $12K was bitcoin’s highest weekly close since after it hit $20,000 a weeks ago. It picked from its $11,750 to $12,068, according to Bitcoin Price Index on major trading platforms.
Owners of CashApp, Square, reportedly bought $1.5 billion USD worth of bitcoin in the last one year, Messari’s latest report has revealed.
The cryptocurrency research firm in its latest report stated that Square, payments giant purchased the bitcoins so as to facilitate massive customer demand on CashApp, its mobile app.
South Africa is working on a blockchain-powered highways toll payments, report from the country has said it’s due for launch before the end of 2020.
It’s gathered that KEB Hana Bank, one of the biggest commercial institutions in the country has partnered with the Korea Expressway Corporation for the design and launch of the blockchain-based toll system.
