The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for Securities and Exchange Commission (SEC’s) guidance and collaboration in harmonising the peer-to-peer (P2P) forex sector in the country. In an official courtesy visit to the newly appointed…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has reached out to the Securities and Exchange Commission (SEC) to propose a collaborative effort on harmonising the nation’s digital currency and peer-to-peer (P2P) forex sectors. Aminu Gwadabe, the ABCON…
The Association of Bureau De Change Operators of Nigeria (ABCON) has warned economic saboteurs speculating and hoarding the Naira to desist from such act. ABCON President, Alhaji Aminu Gwadabe, in a statement on Friday, also said the association would establish…
The Association of Bureau De Change Operators of Nigeria (ABCON) has warned economic saboteurs speculating and hoarding the Naira to desist from such act. ABCON President, Alhaji Aminu Gwadabe, in a statement on Friday, also said the association would establish…
The Central Bank of Nigeria (CBN’s) directive stopping the use of Non Export Domiciliary Account Collateral for naira loans will boost dollar liquidity, support reserves accretion and strengthen the financial services sector, President, Association of Bureaux De Change Operators of…
The Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all Central Bank of Nigeria (CBN)-Licensed Bureaux De Change (BDCs) in Nigeria has appealed to the Apex Bank to adjust and lower its applicable Exchange Rate…
The Association of Bureau De Change Operators of Nigeria (ABCON) anticipates a further increase in benchmark rates by the Central Bank of Nigeria’s Monetary Policy Committee (MPC) to address the persistent inflation rate. Its President, Alhaji Aminu Gwadabe, made the…
The Association of Bureau De Change Operators of Nigeria (ABCON) has cautioned its members on the need to abide by extant laws establishing them. ABCON President, Alhaji Aminu Gwadabe, in a statement on Friday, warned licensed operators against regulatory infringements…
In a decisive move to curb the rampant market speculation and the proliferation of street trading, the Association of Bureau De Change Operators of Nigeria (ABCON) is gearing up to transition to automated trading operations. This strategic shift comes in…
…As Naira depreciates further against the dollar Reports cited by Nigerian NewsDirect have revealed that Bureau De Change Operators are lobbying to resume publication of parallel market rates. Recall that former CBN governor, Godwin Emefiele had stated that BDC operators…
