Abuja BDC operators shut down business due to scarcity of dollars

Bureau De Change (BDC) operators in Abuja have announced the shutdown of operations as a result of the unavailability of dollars.

Chairman of the Association, Mallam Abdullahi Dauran, announced this in the nation’s capital, on Wednesday, Jan. 31.

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 the forex crisis.