Close Menu
Chronicle.ng
    Trending Stories
    Yahaya Bello: Court rejects EFCC’s request to cross-examine own witness

    Yahaya Bello: Court rejects EFCC’s request to cross-examine own witness

    June 26, 2025
    Tinubu sets up committee to end killings in Benue

    Tinubu signs four Tax Reform Bills into law

    June 26, 2025
    Police rescue 46 trafficked Ghanaians in Abuja

    Police rescue 46 trafficked Ghanaians in Abuja

    June 26, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Yahaya Bello: Court rejects EFCC’s request to cross-examine own witness
    • Tinubu signs four Tax Reform Bills into law
    • Police rescue 46 trafficked Ghanaians in Abuja
    • Radda denies 2027 VP ambition, says governorship is his only focus
    • Tinubu withholds assent to NDLEA amendment bill
    • Bandits kill eight, injure one in attacks on Sokoto communities
    • Makinde renames Polytechnic Ibadan after former governor Olunloyo
    • INEC conducts by-elections August 16
    Facebook X (Twitter) Instagram
    Chronicle.ngChronicle.ng
    Subscribe
    Thursday, June 26
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle.ng

    Dollar scarcity shuts down BDC operations

    Opalim LiftedBy Opalim LiftedFebruary 1, 2024No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Dead workers drawing living wages since 2009 in Nigeria
    Cash
    Facebook Twitter WhatsApp

    Bureau de Change (BDC) operators shut down services on Thursday in Abuja as a result of the unavailability of dollars.

    The chairman of the association, Abdulahi Dauran, announced this in the Federal Capital Territory on Wednesday.

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

    The summons was through its Committee on Banking, Insurance, and Other Financial Institutions, headed by Senator Adetokunbo Abiru (APC, Lagos).

    Senator Abiru disclosed this while speaking with newsmen after his panel met behind closed doors on Wednesday.

    • Nigerians shocked over pricey iPhone XR as dollar hits N1500

    He said the committee, during the meeting, took the decision to summon the apex bank governor to brief the lawmakers on Tuesday next week on what is being done to address the economic and Naira value crises.

    Senator Abiru said the state of the economy, especially the inflation index, was of great concern to the lawmakers.

    He said, “We have deliberated among ourselves. Critical issues were addressed, and we believe that the next line of action is to summon the governor of the Central Bank on Tuesday at 3 o’clock to properly brief us on the state of the economy.

    “That we have resolved and will communicate to the governor of the Central Bank, after which we will have further communication with members of the press.”

    The naira continued its free fall, sinking to a record low of N1,482.57 per dollar following demand on the official market.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Yahaya Bello: Court rejects EFCC’s request to cross-examine own witness

    Yahaya Bello: Court rejects EFCC’s request to cross-examine own witness

    Tinubu sets up committee to end killings in Benue

    Tinubu signs four Tax Reform Bills into law

    Police rescue 46 trafficked Ghanaians in Abuja

    Police rescue 46 trafficked Ghanaians in Abuja

    Radda denies 2027 VP ambition, says governorship is his only focus

    Radda denies 2027 VP ambition, says governorship is his only focus

    IPOB rejects Tinubu's 'absurd land grabbing' ranching proposal

    Tinubu withholds assent to NDLEA amendment bill

    Police prevent Bandits attack, rescue kidnapped victims in Katsina

    Bandits kill eight, injure one in attacks on Sokoto communities

    Add A Comment
    Leave A Reply Cancel Reply

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Yahaya Bello: Court rejects EFCC’s request to cross-examine own witness

    Yahaya Bello: Court rejects EFCC’s request to cross-examine own witness

    June 26, 2025
    Tinubu sets up committee to end killings in Benue

    Tinubu signs four Tax Reform Bills into law

    June 26, 2025
    Police rescue 46 trafficked Ghanaians in Abuja

    Police rescue 46 trafficked Ghanaians in Abuja

    June 26, 2025
    Radda denies 2027 VP ambition, says governorship is his only focus

    Radda denies 2027 VP ambition, says governorship is his only focus

    June 26, 2025
    IPOB rejects Tinubu's 'absurd land grabbing' ranching proposal

    Tinubu withholds assent to NDLEA amendment bill

    June 26, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.