Alhaji Aminu Gwadabe
CBN grants two-week market holidays to BDCs over COVID-19 crisis
ABCON advises forex users to shun street traders The Central Bank of Nigeria (CBN) has granted a two week market holidays to the Bureaux De Change operators. This followed a request by the Association of Bureaux De Change Operators of Nigeria (ABCON) to the CBN for the regulator to grant it market holidays given the…
BDCs disown petitions against dual exchange rate regime
The Association of Bureaux De Change Operators of Nigeria (ABCON) has dissociated itself from the petitions against the apex bank and its management over the deployment...
ABCON wants end to all economic subsidies
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for an end to the continued fuel and foreign exchange subsidies to address structural defects in the economy.
4,000 BDCs pass through anti-money laundering reporting drills
No fewer than 4,000 Bureau De Change (BDC) operators across the six geopolitical zones of the country have passed through the rigours of trainings on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT). The training, being part of the Association of Bureaux De Change Operators of Nigeria (ABCON) and Nigeria Financial Intelligence Unit (NFIU) partnership, was a four-day joint nation-wide…
ABCON chief gets award for forex contributions
The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, at the weekend won the “Private Sector Personality of the Year 2018 Award.He got the award at the seventh anniversary Lecture & Man of The Year Award organised by the Nigerian NewsDirect, at Eko Hotel & Suites in Lagos.
ABCON raises alarm over delay of NFIU autonomy
The continuous delay in granting operational autonomy to the Nigerian Financial Intelligence Unit (NFIU) may have irked the Association of Bureau De Change Operators of Nigeria (ABCON).The group, besides faulting the development, has raised alarm on the implications of the inaction.....
Uniform exchange rate for BDCs and naira’s stability
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.
Naira strengthens against dollar at interbank market
The Naira on Friday appreciated against the dollar at the official interbank market, the News Agency of Nigeria (NAN), reports.