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ABCON

28 Jul 2021
The Central Bank of Nigeria (CBN), in a rare courage, yesterday, ended foreign exchange (FX) supply to bureau de change (BDC) operators and registration of new players with immediate effect.
13 Jul 2021
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated reforms that will reduce government spending and also curb the rising national public debt.
8 Jun 2021
Bureaux De Change (BDC) Directors have reiterated commitment to stable exchange rate and sound corporate governance practices. This was part of resolutions made at the end of an exclusive meeting of BDC Directors...
27 May 2021
The Association of Bureau De Change Operators of Nigeria (ABCON) has charged Bureau De Change (BDC) operators to improve sound corporate governance practices and customer service in their operations. ABCON President, Dr. Aminu Gwadabe gave this charge in Lagos at the opening session of 2021 yearly nationwide training on BDC Operations. Gwadabe stated that the…
24 May 2021
Currency speculators, who have in the past week engaged in an aggressive ‘stocking’ of the dollar at a premium in expectation of a near-future rise in the exchange rate, may be facing heightened risks..
20 Apr 2021
The Association of Bureaux De Change Operators of Nigeria (ABCON) has charged the Central Bank of Nigeria (CBN) to introduce measures to insulate diaspora remittances against the impacts of cryptocurrencies.
19 Apr 2021
Attaining N1 trillion yearly market turnover by the Bureaux de Change (BDCs) has reinforced their relevance to the economic growth of the country. The President of the Association of Bureaux De Change
14 Apr 2021
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to make Bureaux De Change (BDC) operators payout agents for the Diaspora remittances.
15 Mar 2021
The Central Bank of Nigeria (CBN)-licensed Bureau De Change (BDC) operators have declared operational war against foreign exchange speculators and black market dealers whose activities they accused of distorting the foreign exchange (FX) market....
9 Feb 2021
Exchanges and investors in cryptocurrencies have started reviewing their business strategies as the Central Bank of Nigeria (CBN) sticks to its gun, saying its restriction of transaction in the digital assets is in the interest...
25 Jan 2021
Despite efforts by the Central Bank of Nigeria (CBN) to stimulate activities in the formal channels of diaspora remittances, the window has continued to battle with its historical challenges...
5 Jan 2021
The Association of Bureaux De Change Operators of Nigeria (ABCON), on Tuesday, urged the Central Bank of Nigeria (CBN) to continue to stabilise the foreign exchange rates for economic growth.

Latest

3 hours ago
President Muhammadu Buhari on Friday met with the leadership of the Nigeria Governors’ Forum over the reported cases of flood across the country.
5 hours ago
Byline : Imane Charioui, Director of Francophone Africa, WorldRemit DOUALA, Cameroon, 7 October, 2022,-/African Media Agency (AMA)/- Right from birth, kids begin to actively pick up skills and knowledge as they engage with different environments. From the social skills they learn at home to the hygiene skills taught at school, all contribute to their development, but…
6 hours ago
A Bowen University Professor of Environmental Microbiology, Olatunde Samuel Dahunsi has emerged as the first Nigerian Scientist to win the Harvard Radcliffe Fellowship in 2022/2023 cohort of 50 fellows.
6 hours ago
Over the last twelve years, Nigeria has grown to master the practice of local content, to the extent of mentoring other resource-rich countries such as Uganda in promoting their own industries. Nigeria is one of the few countries to have enacted a primary regulation dedicated to it, with a broad objective to domicile a share…
7 hours ago
The Federal Roads Safety Corps, (FRSC), has issued a road diversion alert to travellers along the Abuja-Lokoja road due to recent flooding around Kortonkarfi in Lokoja, Kogi state.