…Says operators are not criminals, control only 3 per cent of forex market …Confirms release of detained members, belongings The Association of Bureau De Change of Nigeria (ABCON) President Alhaji Aminu Gwadaebe has advised the CBN to revisit the suspension…
The Association of Bureaux De Change of Nigeria (ABCON) has said the Bureaux De Change (BDCs) are at the centre of Central Bank of Nigeria (CBN’s) exchange rate policies. The ABCON President, Aminu Gwadabe, who disclosed this at a media…
The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to float the Naira to halt its further depreciation. The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has developed a roadmap campaign plan needed to save the naira from further decline and enhance exchange rate stability. The ABCON National Executive Council said the move to save the…
The Association of Bureaux De Change Operators of Nigeria, ABCON, has warned that the persistence of multiple exchange rates is causing distortions and widening rent seeking opportunities in the economy. ABCON gave this warning in its Quarterly Economy Review for…
The Association of Bureaux De Change Operators of Nigeria (ABCON) says the widening gap between the official and parallel market exchange rates was being driven by acute dollar scarcity. The body said this was due to the continued suspension of…
…Advocates BDCs’ inclusion in dollar supply mechanisms The Association of Bureaux De Change Operators of Nigeria (ABCON) has solicited the Central Bank of Nigeria (CBN) support in ensuring that Bureaux De Change (BDCs) continue to sell dollars to retail end …
By Seun Ibiyemi The Association of Bureaux De Change Operators of Nigeria (ABCON), an umbrella body for over 5,3000 Central Bank of Nigeria (CBN)-licenced Bureaux De Change (BDCs) has advised the apex bank to de-risk BDCs operations to allow operators…
By Kayode Tokede Foreign Exchange traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have called on the Central Bank of Nigeria (CBN) to investigate the actual causes of Naira depreciation since July 2nd…
With the Central Bank of Nigeria (CBN) stoppage of foreign exchange sales to Bureaux De Change (BDCs), financial analysts have advised the apex bank to allow the BDCs receive diaspora remittances as is done in other economies of the world.…
