The association also noted that the apex bank needs to address other issues driving the patronage of cryptocurrency exchanges for remittance transfers.
ABCON has confirmed that some of its members were invited for questioning over some of their transactions.
BDC operators have declared operational war against foreign exchange speculators and black market dealers distorting the naira exchange rate.
Some experts have raised concerns over the implementation of CBN's Naira4Dollar policy.
ABCON has tasked the CBN to sustain its numerous drives and interventions targeted towards forex stability in 2021.
ABCON has strongly warned foreign exchange speculators pushing for the forceful depreciation of the naira through their illegal activities.
Despite the intervention measures by the CBN, why does the disparity between the official and black-market rates remain high?
The CBN is looking to boost the value of the naira and thus strengthen the economy of the country.
The BDC operators said that the profit margin would not be enough to cover their expenses.
Reopening of the BDC window for foreign exchange would crash the prevailing spike in the exchange rate.