ABCON gives reasons for widening exchange rate disparity, increasing parallel market activities
The BDC operators have attributed the widening exchange rate disparity to acute scarcity of dollars due to the continued suspension ...
The BDC operators have attributed the widening exchange rate disparity to acute scarcity of dollars due to the continued suspension ...
Currency traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have advocated some measures ...
The Association of Bureau De Change Operators of Nigeria (ABCON) has stated that the Central Bank of Nigeria (CBN) must ...
Monday, 2nd August 2021: The exchange rate between the naira and the US dollar closed at N411.50/$1 at the official Investors and ...
The CBN has moved to increase forex allocation to BDCs and sustain the funding for about 5,000 members of the ...
Hoarders are creating an artificial scarcity of the greenback within the market to cause more woes for the local currency.
Foreign exchange speculators are set to lose over N100 billion in the next one month as the CBN sustains massive funding ...
The association also noted that the apex bank needs to address other issues driving the patronage of cryptocurrency exchanges for ...
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.
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