ABCON
3 Feb
President of the Association of Bureaux de Change Operators of Nigeria (ABCON), Dr Aminu Gwadabe, has attributed the currency rally of naira to market reforms embarked on by the Central Bank of Nigeria (CBN).
10 Jan
The Wuse Zone 4 FX Traders Association is set to inaugurate a parallel FX market forum and its leadership in Abuja. The launch of the association is slated for January 15, 2025 at the Shehu Musa Yar’Adua Centre in the Nigerian capital. Key events for the day include the inauguration of newly elected executive council…
11 Dec
After a few days of rally last week, the naira crashed further at the parallel market yesterday, as activities of speculators weakened the currency further to N1630/$1.
18 May 2024
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for the guidance and collaboration of the Securities and Exchan
27 Apr 2024
The Association of Bureaux De Change Operators of Nigeria (ABCON) is working on establishing a unified retail end foreign exchange market operations to tackle volatility and boost regulatory compliance within the Bureaux De Change (BDC) sub-sector.
7 Apr 2024
The Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all Central Bank of Nigeria (CBN)-Licensed Bureaux De Change (BDCs) in Nigeria yesterday appealed to the apex bank to adjust and lower its applicable exchange rate downward below the N1,251/$ it’s pegged for the BDCs.
1 Apr 2024
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.
Latest
2 mins ago
A chieftain of the ruling All Progressives Congress (APC), Nurain Mumuni, has warned that the proposed creation of an additional 31 states may render some existing states redundant. Mumuni gave the warning in a statement made available to journalists on Saturday through his media aide, Rasheed Abubakar. Mumuni said that Nigeria is grappling with numerous…
3 mins ago
The Pan Niger Delta Forum (PANDEF) has canvassed that the next Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL) should be appointed from the South-South geopolitical zone. The apex socio-political umbrella body of the Niger Delta people said the region has fed and sustained the nation's economy for over 60…
7 mins ago
Schneider Electric, global specialist in energy management and automation, has been named the World’s Most Sustainable Corporation 2025 by Corporate Knights. According to a statement issued by the company yesterday, Schneider Electric was the only company to rank first in the Global 100 twice. Corporate Knights is a media and research company based in Canada.…
11 mins ago
Li Haotong holed a long birdie putt on the last hole of the Qatar Masters on Sunday to hold off surging Rasmus Neergaard-Petersen by one shot. "I'm just so pleased I made that putt on the last," the 29-year-old Chinese golfer said. "I'm just very glad I closed out nicely." Li started the day with…
12 mins ago
Wolves cruised into the FA Cup fifth round as two goals in the space of 39 seconds sealed a 2-0 win over Blackburn on Sunday. Vitor Pereira's side took a welcome break from the fight to avoid Premier League relegation, comfortably avoiding a shock exit against the Championship promotion chasers at Ewood Park. Languishing just…
15 mins ago
An Oyo State-based businessman, Alhaji Isiak Folorunso, has said he will be seeking legal redress against an attempt by a US-based online blogger who allegedly made a video to discredit him and his business. Folorunso said this at a press conference he held in Iseyin, Oyo State, to address a case of cyber-bullying in which…
19 mins ago
Recently, the Senate Public Accounts Committee (SPAC) threatened to issue warrants for the arrest of some heads of government agencies, including the chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum…
27 mins ago
President Bola Tinubu has described the former Ekiti State Governor, Dr Kayode Fayemi, as an able lieutenant, invaluable ally, and a committed patriot who has been with him in the trenches in the fight against dictatorship. President Tinubu in a moving tribute he personally wrote to Fayemi as he marks his 60th birthday, also described…
36 mins ago
Chidozie Nwangwu, a native doctor who is famously known as Akwa Okuko Tiwaraki has been arrested by security operatives in Anambra State. On Saturday, the Anambra State New Media account posted a video of Nwangwu being questioned by the Deputy Governor of Anambra State, Onyeka Ibezim. "BREAKING NEWS!! Akwa okuko tiwaraki n’Oba denies okeite and…
43 mins ago
Gunmen who abducted a former Director-General of the National Youth Service Corps (NYSC), Maharazu Tsiga, have demanded ₦250 million for his release, a family source said on Sunday. Tsiga, a retired brigadier-general of the Nigerian Army, was kidnapped from his home in Tsiga town, Bakori Local Government Area of Katsina State, on Wednesday, February…