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…
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.…
By Kayode Tokede A group of analysts at Vetiva Capital have disclosed that the discontinuation of foreign currencies (FX) sales to bureau de change (BDCs) operators is expected to keep the exchange rate in the parallel market above N500. They…
By Olaleye Aanuoluwapo, Abuja Weeks the Central Bank of Nigeria (CBN) suspended Foreign Exchange (FX) sales to Bureau De Change (BDC) operators for allegedly facilitating money laundering and other infractions, the Naira has depreciated significantly against the Dollar at the…
The Association of Bureaux De Change Operators of Nigeria has assured members of the public that Bureaux De Change operators are still providing foreign exchange services. ABCON said while the dollar sale from the Central Bank of Nigeria had helped…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has assured members of the public that Bureaux De Change (BDCs) still provide foreign exchange services. ABCON President, Aminu Gwadabe, said in a statement on Thursday in Lagos, that the…
The Nigerian Naira is in a tailspin at the Black Market, a day after the Central Bank stopped weekly sale of dollars to the BDCs. According to the ngnrates.com, the Naira slumped to N522 to the US Dollar. Operators in…
By Ayo Fadimu The achievement of N1 trillion annual market turnover by Nigerian Bureaux De Change (BDCs) has reinforced their prime role in the economy. Not relenting on its successes, the Association of Bureaux De Change Operators of Nigeria (ABCON)…
