BDC operators declare war against forex speculators, black market dealers

ABCON warns FG on France’s involvement in ECO currency

BDC operators have declared operational war against foreign exchange speculators and black market dealers distorting the naira exchange rate.

Exchange rate gains at NAFEX as external reserves loses almost $1 billion in less than a month

Naira4dollar scheme “is not comprehensive enough” to fix remittance shortages – ABCON Chief

by Chike Olisah

March 11, 2021

2

Some experts have raised concerns over the implementation of CBN's Naira4Dollar policy.

Dollar to sell for N360, ABCON insists, ABCON President explains why there is forex crisis, lists sources of forex for BDCs

ABCON urges CBN to stabilize Forex in 2021

by Chidi Emenike

January 5, 2021

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ABCON has tasked the CBN to sustain its numerous drives and interventions targeted towards forex stability in 2021.

ABCON warns: Forex speculators risk losing money as they push for forceful depreciation

by Chike Olisah

November 23, 2020

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ABCON has strongly warned foreign exchange speculators pushing for the forceful depreciation of the naira through their illegal activities.

Why exchange rate disparity remains high despite CBN’s intervention

by Chike Olisah

October 30, 2020

2

Despite the intervention measures by the CBN, why does the disparity between the official and black-market rates remain high?

CBN injects fresh $51.8m into FX Markets

by NM Partners

October 5, 2020

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The CBN is looking to boost the value of the naira and thus strengthen the economy of the country.

ABCON warns FG on France’s involvement in ECO currency , CBN goes hard on BDC operators, issues various fines

BDC operators reveal the major challenge with resumed sales of forex by CBN

by Chike Olisah

September 3, 2020

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The BDC operators said that the profit margin would not be enough to cover their expenses.

ABCON explains how to stop naira depreciation

by Chike Olisah

July 26, 2020

1

Reopening of the BDC window for foreign exchange would crash the prevailing spike in the exchange rate.

COVID-19 could save naira from depreciating further, Many odds against the naira, Naira forwards and parallel market crash puts pressure on official exchange rate, Naira appreciates to N386.94 to $1 at investor and exporters window. , Naira set for recovery as ABCON issues guideline to members for forex sales resumption, Naira falls against the Euro, British pound sterling but gains against the U.S dollar, Naira falls at black market, dollar liquidity remains relatively low , Forex, Naira drops further at the black market despite appreciating at I&E window

Naira recovers sharply at black market but falls at I&E forex window

by Chike Olisah

June 25, 2020

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Forex turnover at the Investor and Exporters (I&E) window on Wednesday, June 24, 2020, stayed relatively flat when compared to the day before. This ...

ABCON President explains why there is forex crisis, lists sources of forex for BDCs

by Chike Olisah

June 24, 2020

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Gwadebe said that the pandemic caused supply disruptions as the price of crude oil went down.

Tag: ABCON