CBN’s N2 billion capital requirement for BDCs against global standards- ABCON
The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Mr. Aminu Gwadabe has stated that the ...
Tag: ABCON
BDC blames insufficient forex allocation for Naira depreciation
Amidst severe liquidity shortages and erratic forex supply, a senior ABCON official explained why the naira has been depreciating in ...
Naira trades at April low as U.S dollar near six month high
The Nigerian naira traded near its April low, while the dollar index approached a six-month high as the anticipation of ...
BDCs now buying dollars at N980/$, naira appreciating faster than expected – ABCON President confirms
The Association of Bureau De Change Operators of Nigeria (ABCON) said that as of Tuesday, the Bureau De Change (BDC) ...
ABCON asks CBN to bar non-oil export domiciliary account holders from accessing FX from official window
The Association of Bureau De Change Operators of Nigeria (ABCON) has requested that the Central Bank of Nigeria (CBN) prevent ...
ABCON to CBN, dollar allocations have become expensive, BDCs are recording losses
ABCON has appealed to the Central Bank of Nigeria (CBN) to adjust and lower its applicable exchange rate downward below the N1,251/$ it ...
ABCON says CBN’s recall of BDCs into forex market boosted naira recovery
The Association of Bureau De Change Operators of Nigeria (ABCON) has said that the recall of Bureau De Change operators ...
Over subscription of FGN securities having a positive effect on exchange rate – ABCON
The Association of Bureau De Change Operators of Nigeria (ABCON) has stated that the oversubscription of recent FGN securities is ...
Confusion as BDCs shutdown operations in Abuja over forex scarcity, ABCON rejects decision
There are reports that currency traders otherwise known as Bureau De Change (BDC) operators have announced the shutdown of operations ...
Forex crisis: BDCs push to begin public display of black-market rates
Efforts are underway to authorize the ABCON to publicly display the black-market rates of the naira against the dollar on ...
