ABCON unveils strategies to stop further naira decline, enhance exchange rate stability
These strategies/roadmap campaign plans are needed to save the naira from further decline, bridge exchange rate gaps and curb volatility ...
Tag: ABCON
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 ...
ABCON states how CBN can stop naira depreciation
Currency traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have advocated some measures ...
As Naira crashes to N545/$1, BDC operators urge CBN to collaborate
The Association of Bureau De Change Operators of Nigeria (ABCON) has stated that the Central Bank of Nigeria (CBN) must ...
Exchange rate falls at official window as naira continues its recovery at black market
Monday, 2nd August 2021: The exchange rate between the naira and the US dollar closed at N411.50/$1 at the official Investors and ...
Naira reverses gain at black market as CBN moves to increase forex allocation to BDCs
The CBN has moved to increase forex allocation to BDCs and sustain the funding for about 5,000 members of the ...
BDC operators move to crash exchange rate, ban street hawking of dollars
Hoarders are creating an artificial scarcity of the greenback within the market to cause more woes for the local currency.
Forex speculators to lose N100 billion as CBN sustains massive funding for BDCs
Foreign exchange speculators are set to lose over N100 billion in the next one month as the CBN sustains massive funding ...
ABCON asks CBN to check impact of cryptocurrencies on diaspora remittances
The association also noted that the apex bank needs to address other issues driving the patronage of cryptocurrency exchanges for ...
ABCON confirms arrest of some members over money laundering, terrorism financing charges
ABCON has confirmed that some of its members were invited for questioning over some of their transactions.
