Association of Bureau de Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to sustain its reforms against inflation and Foreign Exchange (FX) volatility, especially after the recent U.S. tariff imposition on Nigerian exports. President of…
Bureau de Change (BDC) operators have praised the Central Bank of Nigeria (CBN) for waiving the 2025 licence fees for operators. They spoke under the aegis of the Association of Bureau de Change Operators of Nigeria (ABCON). The President of…
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 President, Association of Bureau De Change operators of Nigeria (ABCON), Aminu Gwadabe, says the BDC operators are committed to wading off attacks on the Naira by speculators. Gwadabe said this in an interview with journalists on Wednesday in Abuja.…
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…
…Naira gains N660 since BDCs’ return to FX market By Seun Ibiyemi The Association of Bureaux de Change Operators of Nigeria (ABCON) has lauded the decision of the Olayemi Cardoso-led Central Bank of Nigeria (CBN) to recall Bureaux De Change…
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…
By Seun Ibiyemi Achieving stable, strong and virile exchange rate in Nigeria would require full participation of Bureaux De Change (BDCs) in the retail segment of the forex exchange market, exchange rate stability, President, Association of Bureau De Change Operators…
The Association of Bureaux Des Change Operators of Nigeria (ABCON), says that the naira redesign policy of the CBN has fuelled the stability of the naira at the parallel market. Alhaji Aminu Gwadabe, President ABCON, stated this in an interview…
