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.
Tag: ABCON
BDC operators declare war against forex speculators, black market dealers
BDC operators have declared operational war against foreign exchange speculators and black market dealers distorting the naira exchange rate.
Naira4dollar scheme “is not comprehensive enough” to fix remittance shortages – ABCON Chief
Some experts have raised concerns over the implementation of CBN's Naira4Dollar policy.
ABCON urges CBN to stabilize Forex in 2021
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
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
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
The CBN is looking to boost the value of the naira and thus strengthen the economy of the country.
BDC operators reveal the major challenge with resumed sales of forex by CBN
The BDC operators said that the profit margin would not be enough to cover their expenses.
ABCON explains how to stop naira depreciation
Reopening of the BDC window for foreign exchange would crash the prevailing spike in the exchange rate.
Naira recovers sharply at black market but falls at I&E forex window
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 ...
