Efforts are underway to authorize the ABCON to publicly display the black-market rates of the naira against the dollar on online platforms.
The Association of Bureau De Change Operators of Nigeria (ABCON) has maintained that BDCs do not need more than the approved N35 million capital base to operate efficiently and profitably.
ABCON) has asked the CBN to allow BDCs to carry out online dollar operations and Point of Sale (POS) agency as part of measures to boost liquidity in the forex market and ensure exchange rate liquidity.
ABCON has assured that the Nigerian economy will begin to see and capture the diaspora remittances when the Central Bank of Nigeria (CBN) starts full implementation of the integration of BDCs into the Investors and Exporters (I&E) window.
Economist says the current exchange rate is well above fair value
Gwadabe said a huge rate gap of N300/$1 currently exists in the market.
The Association of Bureaux De Change Operators of Nigeria (ABCON) has stated that panic buying is causing the crash of the Naira.
These strategies/roadmap campaign plans are needed to save the naira from further decline, bridge exchange rate gaps and curb volatility in the forex market.
The BDC operators have attributed the widening exchange rate disparity to acute scarcity of dollars due to the continued suspension of forex sales to BDCs.
Currency traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have advocated...
The Association of Bureau De Change Operators of Nigeria (ABCON) has stated that the Central Bank of Nigeria...
Monday, 2nd August 2021: The exchange rate between the naira and the US dollar closed at N411.50/$1 at the official...
