Forex crisis: BDCs ask CBN to increase its minimum capital to N350 million
The Association of Bureau De Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to increase ...
Tag: Aminu Gwadebe
BDCs hint forex market will begin to see, capture diaspora remittances
ABCON has assured that the Nigerian economy will begin to see and capture the diaspora remittances when the Central Bank ...
BDC operators ask FG to ban Binance operations in Nigeria to strengthen the naira
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Federal Government to ban the operations ...
Naira Crash: BDCs to CBN, without us exchange rate policy will not workÂ
BDC operators are advocating for increased participation and involvement in the foreign exchange market to ensure the success of the ...
Naira crashes across forex markets as CBN Governor hits at black market
At the black market, the Naira depreciated against the dollar to close at N487/$1 on Wednesday.
Naira crashes to new record low at black market as businesses divert export proceeds
The naira hit another new low as it depreciated again against the dollar, closing at N484/$1 at the parallel market.
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 President explains why there is forex crisis, lists sources of forex for BDCsÂ
Gwadebe said that the pandemic caused supply disruptions as the price of crude oil went down.
CBN goes hard on BDC operators, issues various fines
Over 100 Bureau De Change Operators were fined N5 million by the Central Bank of Nigeria for various infractions in ...
Naira depreciates further as investors get jittery,
The severe pressure on Nigeria’s foreign exchange market has led to significant depreciation of the Naira across all the market ...
