ABCON
7 Apr
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 yesterday appealed to the apex bank to adjust and lower its applicable exchange rate downward below the N1,251/$ it’s pegged for the BDCs.
1 Apr
The Association of Bureaux de Change Operators of Nigeria (ABCON) has lauded the decision of Olayemi Cardoso-led Central Bank of Nigeria (CBN) to bring back bureau de change (BDC) operators into the mainstream FX market as a major factor driving exchange rate stability.
12 Nov
The Central Bank of Nigeria (CBN) has vowed to go after currency hoarders and speculators whose activities are allegedly contributing to the depreciation of the naira against major foreign currencies.
15 Sep 2023
The Association of Bureaux De Change Operators of Nigeria (ABCON) is seeking the merger and consolidation of bureau de change (BDC) operators while kicking against recapitalisation of the industry.
11 Sep 2023
As exchange rate volatility continues to impact the economy, the Association of Bureaux de Change Operators of Nigeria(ABCON) has called on the Central Bank of Nigeria (CBN) to democratise and centralise the bureau de change's (BDCs) operational mechanisms and support them to go digital.
30 Aug 2023
Bureau de Change (BDC) operators may be on a collision course with the Central Bank of Nigeria (CBN) over market infractions, market intelligence suggests.