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 ...
Tag: Association of Bureau De Change Operators of Nigeria
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 ...
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.
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 ...
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.
ABCON explains how to stop naira depreciation
Reopening of the BDC window for foreign exchange would crash the prevailing spike in the exchange rate.
