How U.S.-China trade war benefits Nigeria, by ABCON
The rising trade tension between the United States and China, is benefitting Nigeria, as it is currently boosting the price of crude oil in the international market.
ABCON lauds new policy, pledges support
The Association of Bureaux De Change Operators of Nigeria (ABCON) has declared its support for the Clean Note Policy and Banknote Fitness Guidelines of the Central Bank of Nigeria ....
Travelex, ABCON target $20b diaspora remittances in new partnership
Travelex Nigeria and the Association of bureaux De Change Operators of Nigeria (ABCON) are scripting a strategic partnership that will enable the nation’s Bureau de Change (BDC) operator to access the more than $20 billion yearly Diaspora remittances into the country.
ABCON backs CBN's monetary policy, financial stability roles
The Association of Bureaux De Change Operators of Nigeria (ABCON) has reinforced its support for the Central Bank of Nigeria's (CBN's) financial...
ABCON backs CBN’s monetary policies, financial stability
The Association of Bureaux De Change Operators of Nigeria (ABCON), has reinforced its support for the Central Bank of Nigeria’s (CBN’s) financial stability and monetary policy functions.
Naira appreciation impossible without economic changes, says Gwadabe
With sustained oil dependence, parlous infrastructure, porous borders, huge importation of commodities and ongoing political tension, the naira can hardly gain 49 per cent appreciation at N184 against the dollar instantaneously, the President....
Fake dollar notes: ABCON commends EFCC for sensitisation campaign
Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON) on Friday commended the Economic and Financial Crimes Commission (EFCC) for its sensitisation campaign against fake dollar notes.
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…
ABCON seeks CBN’s support for its live trading platform
The Association of Bureaux De Change Operators of Nigeria (ABCON) is soliciting the support of the Central Bank of Nigeria (CBN) to enhance the operations of its live exchange rate website...
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).