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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.

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Justice Oluwatoyin Taiwo of a Lagos Special Offences Court, Ikeja, has exonerated former Managing Director of American International Insurance Company (AIICO) Capital Limited, a subsidiary of AIICO Plc., Lanre Fabunmi, of stealing and dishonestly converting N1.7 billion belonging to the firm. Others acquitted with him are: Onome Odometa, Olajumoke Akano and Olabode Ogunlere. The trial…
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Tony Blevins, vice president of procurement at Apple, is apparently leaving the maker of iPhones, MacBooks, and other consumer electronics after making an offensive remark that went viral on TikTok. In a video posted on September 5, Tiktok star Daniel Mac approached Blevin. In his series, he questions people who own expensive cars about their…
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The Federal Government has pledged to improve the welfare of Nigerian workers as the country marked its 62nd independence.
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