BDCs boss urges better security at nation’s gateways to check illegal cash evacuation
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Federal Government to increase security surveillance at the nation’s airports and land borders to checkmate illegal foreign cash evacuation.
Expert explains why Naira falls in spite of CBN’s intervention
Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria (ABCON), has blamed the recent depreciation of naira on the speculators’ onslaught and resistance by the banking industry.
Curb illegal currency transactions at borders to sustain Naira appreciation
Bureau De Change Operators have called on security agencies to curb illegal currency transactions at Nigerian borders to sustain the recent appreciation of the Naira against other foreign currencies.
Association wants CBN to widen forex sources
Alhaji Aminu Gwadabe, President of the Association of Bureau De Change Operators of Nigeria (ABCON) has called on the CBN to widen sources of forex to members of the association.
BDCs seek single market driven forex rate
Instituting a single market driven foreign exchange (forex) rate has been identified as a major step to stabilising the value of the Naira against other currencies...
$21b diaspora remittance: The odds against banks
Allegations and affirmed breaches of rules by banks are currently working against their quest to remain the sole administrator of the estimated $21 billion yearly ...
ABCON unveils plan to get forex dealership
The Association of Bureau De Change Operators of Nigeria (ABCON) has officially declared intention to pursue the Forex Primary Dealership (FXPD) licences.