Aminu Gwadabe
17 Apr
The president of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said the recovery of the naira against the dollar and other foreign exchange is happening faster than expected. Gwadabe said this during a phone-in interview on Channels Television’s ‘Business Incorporated’ programme on Tuesday. Gwadabe said as of Tuesday afternoon, Bureau…
11 Apr
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to restrict access to foreign exchange (FX) for non-oil exporters holding domiciliary accounts. ABCON's requests come amidst a series of recent CBN actions aimed at managing Nigeria's foreign exchange market. Earlier this week, the CBN prohibited the…
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.
16 Jan
The Nigerian naira, on Monday, appreciated against the United States dollar, closing at N838.95 to $1 at the official foreign exchange market .
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.
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