Aminu Gwadabe
17 Oct
The spread between official and black market exchange rate has exceeded N300 per dollar and still rising. President of the Association of Bureau de Change Operators of Nigeria (ABCON), Dr. Aminu Gwadabe...
27 Jun 2022
Nigeria’s economy risks worse case stagflation as most economists and financial experts have agreed that macroeconomic indicators have continued to spiral.
5 Jan 2022
Naira opened trading for the year at the Investors and Exporters’ (I & E) window on an upswing yesterday. It was quoted at N422.67 per dollar, gaining N8.75, as against last year’s closing rate of N435/$.
20 Sep 2021
Despite improved confidence in the economy as shown in the latest Manufacturers Confidence Index (MCCI) by local manufacturers, demand for foreign exchange (forex) on the back of outstanding obligations has risen to about $2 billion ...
30 Jul 2021
The Central Bank of Nigeria (CBN) has commenced the process of refunding licensing fees and capital deposits to promoters of bureau de change, whose registrations...
8 Jun 2021
Bureaux De Change (BDC) Directors have reiterated commitment to stable exchange rate and sound corporate governance practices. This was part of resolutions made at the end of an exclusive meeting of BDC Directors...
27 May 2021
The Association of Bureau De Change Operators of Nigeria (ABCON) has charged Bureau De Change (BDC) operators to improve sound corporate governance practices and customer service in their operations. ABCON President, Dr. Aminu Gwadabe gave this charge in Lagos at the opening session of 2021 yearly nationwide training on BDC Operations. Gwadabe stated that the…
24 May 2021
Currency speculators, who have in the past week engaged in an aggressive ‘stocking’ of the dollar at a premium in expectation of a near-future rise in the exchange rate, may be facing heightened risks..
9 Feb 2021
Exchanges and investors in cryptocurrencies have started reviewing their business strategies as the Central Bank of Nigeria (CBN) sticks to its gun, saying its restriction of transaction in the digital assets is in the interest...
28 Dec 2020
The Association of Bureaux De Change Operators of Nigeria (ABCON) has appealed to the Central Bank of Nigeria (CBN) to make Bureaux De Change (BDCs) payout agents for diaspora remittances.
30 Nov 2020
The parallel market has responded to the fresh devaluation of the naira amidst growing foreign exchange illiquidity. The local currency weakened to N500/$ at the black market at the weekend. The Central Bank of Nigeria (CBN) had adjusted the value of the naira by N6 against the dollar on Friday. That was the third time…
13 Jul 2020
Association of Bureaux De Change Operators of Nigeria (ABCON), has called on the Federal Government to suspend all increases in taxes and tariffs until the economy...
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