BDCs accuse IMTOs of ambushing external remittances, creating dollar scarcity in the parallel market
Bureau De Change (BDC) operators in Nigeria have attributed the recent depreciation of the Naira in the parallel market to ...
Tag: Aminu Gwadabe
CBN’s N2 billion capital requirement for BDCs against global standards- ABCON
The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Mr. Aminu Gwadabe has stated that the ...
CBN’s policy caused a huge gap between official and black market rates — ABCON
Gwadabe said a huge rate gap of N300/$1 currently exists in the market.
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 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.
ABCON warns FG on France’s involvement in ECO currency
ABCON has urged the Nigerian government to be cautious of France’s involvement in the Eco currency matter.
Late budget cycles, food price hike fuel MPR retention – Experts
Some economists and financial experts have attributed the retention of the MPR at 13.5% by the CBN to late budget cycles.
