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 ...
Tag: ABCON
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 ...
ABCON insists BDCs don’t need more than N35 million capital
The Association of Bureau De Change Operators of Nigeria (ABCON) has maintained that BDCs do not need more than the ...
Forex crisis: BDCs to CBN, allow us carry out online dollar operations, receive diaspora remittances
ABCON) has asked the CBN to allow BDCs to carry out online dollar operations and Point of Sale (POS) agency ...
BDCs hint forex market will begin to see, capture diaspora remittances
ABCON has assured that the Nigerian economy will begin to see and capture the diaspora remittances when the Central Bank ...
Naira could be devalued to N520/$ by 2023 — Bank of America
Economist says the current exchange rate is well above fair value
