1 Apr 2017
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.
29 Mar 2017
The Central Bank of Nigeria (CBN) yesterday directed all licensed Bureau de Change (BDCs) operators to sell to end-users at N362 to a dollar.
26 Mar 2017
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.
23 Jan 2017
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.
16 Jan 2017
In recent years, the pursuit of exchange rate stability has been tough. The drop in crude oil prices and depletion of foreign reserves have led to the depreciation across markets.
11 Jan 2017
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...
7 Sep 2016
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 ...
10 Jul 2016
Sources of supply and quantity supplied have remained at the centre of discourse since the beginning of the all-new flexible exchange rate policy. Both have also become strings pulling the rate determination...
21 Jun 2016
The Association of Bureau De Change Operators of Nigeria (ABCON) has officially declared intention to pursue the Forex Primary Dealership (FXPD) licences.
31 May 2016
Ahead of the release of modalities for the implementation of the adopted flexible exchange rate policy by the Central Bank of Nigeria (CBN), the interbank market has already switched to N285 to the dollar.