ABCON wants CBN’s approval for forex training institute
The nation’s currency dealers, yesterday, disclosed their intention to float an institute where its members will be educated on foreign exchange activities, and called on the Central Bank of Nigeria..
ABCON hinges Naira stability on partnership with CBN
The Naira has been adjudged stable from last year till the New Year, but was achieved by the cordial relationship, as well as partnership between the regulator and Bureau De Change (BDC) operators, according to the currency sellers. The partnership, which facilitated foreign exchange supplies and sustenance of market integrity, leading to significant reduction of…
BDC-bank rates’ merger and search for end to multiple exchanges
It is a long-drawn battle and it has not been easy, even till now. That is not only the a good description of the many challenges that beset the foreign exchange market, but also the participants, particularly the licenced Bureaux De Change (BDCs).
ABCON President wants CBN to approve Yuan disbursements to members
The President of Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, has urged the Central Bank of Nigeria...
ABCON, NFIU complete training on anti-money laundering
The Association of Bureaux De Change Operators of Nigeria (ABCON) and Nigeria Financial Intelligence Unit (NFIU) has concluded a three-day joint training/sensitization programme on anti-money laundering and terrorist financing.
ABCON sustains call for change of exchange rate band
The Association of Bureaux De Change Operators of Nigeria (ABCON) has again called on the Central Bank of Nigeria (CBN) to review the exchange rate band at which Bureaux de Change (BDCs) members buy dollars.
BDCs list challenges, unveil website, plan institute
The Bureau De Change operators have expressed over the many challenges that they have had to contend with, which they said, have inhibited their operations and in carrying out their daily legitimate activities.
ABCON still worried about multiple exchange rates
The Association of Bureau De Change Operators of Nigeria (ABCON) said it is still worried by the continued multiple exchange system in the nation’s foreign exchange market.