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ABCON

17 Oct
The spread between official and black market exchange rate has exceeded N300 per dollar and still rising. President of the Association of Bureau de Change Operators of Nigeria (ABCON), Dr. Aminu Gwadabe...
1 Aug
The Association of Bureaux De Change Operators of Nigeria (ABCON) has cautioned the Federal Government against policies that can worsen the impact of upward inflationary trend on the populace.
27 Jun
Nigeria’s economy risks worse case stagflation as most economists and financial experts have agreed that macroeconomic indicators have continued to spiral.
6 Jun
Amid the protracted currency market crisis, the President of the Association of Bureaux de Change Operators of Nigeria (ABCON), Dr. Aminu Gwadabe, says the bureau de change (BDC)
13 May
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for what it called BDC Autonomous Foreign Exchange Trading Window (BAFEX), saying this would help to restore sanity to the market and save the naira from further debasement.
19 Apr
The Association of Bureaux De Change Operators of Nigeria (ABCON) said the widening gap between the official and parallel foreign exchange (FX) markets is caused by the continued suspension of the sale of FX to BDCs by the Central Bank of Nigeria (CBN).
28 Mar
Eight months after the Central Bank of Nigeria (CBN) stopped funding Bureaux de Change (BDCs) operations, the Association of Bureaux de Change Operators of Nigeria (ABCON) is seeking the return of its members.....
12 Jan
Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to remove restrictive controls that makes it difficult for Bureaux De Change (BDCs) to compete for the $20 billion inflow in the unofficial forex market.
5 Jan
Naira opened trading for the year at the Investors and Exporters’ (I & E) window on an upswing yesterday. It was quoted at N422.67 per dollar, gaining N8.75, as against last year’s closing rate of N435/$.
3 Jan
In what has become a trend, Naira fell to a record low over-the-counter on the last trading day of 2021, closing at N435/$. This came amid uncertainty about the market outlook as the economy wobbles into a new year.
13 Oct 2021
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated measures to curb the continued depreciation of the naira.
10 Sep 2021
The new foreign exchange (FX) sale template faces a major test, as naira took a major plunge in the last 72 hours. The weeklong crisis at the parallel market worsened, yesterday...

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