BDC Operators said they do not want the industry to be recapitalized; rather, they wants numerous (at least 10) Bureaux De Change operators to consolidate.
The association of money changers in Nigeria, BDC is trying to get its members to enter into a merger according to a document provided by Aminu Gwadabe
Fidelity Bank has finally completed the acquisition of Union Bank UK, a subsidiary of the Union Bank of Nigeria, and has received approval from the UK government
The Central Bank of Nigeria has moved to sanction international money transfer operators (IMTOs) for floating its latest foreign exchange guidelines.
The parallel foreign exchange (FX) market saw the naira sell at N950 per dollar and bought at N940 per dollar leaving operators with a profit margin of N10 a dollar
This year, Development Bank of Nigeria (DBN) is giving out N150 billion to 12,000 Micro, Small, and Medium-Sized Enterprises (MSMEs) in the nation
The Central Bank of Nigeria's cashless policy will be fully implemented soon and more Nigerians would be forced to rely mainly on electronic transactions.
The Federal government of Nigeria has announced plans to help Micro, Small, and Medium Enterprises (MSMEs) across 17 states and Federal Capital Territory (FCT).
Aliko Dangote, President of Dangote Industries Plc has earned a whopping N71 billion in the last 24 hours to maintain his position among the world's top 100.