The Association of Bureaux De Change Operators of Nigeria (ABCON) is seeking the merger of several Bureaux De Change (BDC) operators not recapitalisation of the industry, the group announced on Thursday. The recommendation is to effectively help its corporate governance…
By Ibiyemi Mathew The Central Bank of Nigeria (CBN) has been advised to grant digital autonomy to Bureaux De Change (BDCs) operators in the country to enhance the achievement of the federal Government harmonized foreign exchange rate policies. The Association of Bureaux De…
Bureau De Change Operators in Nigeria have agreed with the acting CBN Governor that most transfers conducted by the International Money Transfer Operators (IMTOs) have been diverted and are not being tracked. The acting CBN Governor, Folashodun Shonubi, had earlier…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Federal Government to use everything within its powers to stop operation of Binance in the country. President of ABCON, Alhaji Aminu Gwadabe gave the advice in an interview…
By Sodiq Adelakun Bureau De Change operators in Nigeria have decried the Central Bank of Nigeria’s (CBN) exchange rate policy. Recall that the CBN announced the unification of all segments of Nigeria’s foreign exchange market, consolidating all windows into one On…
…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…
