Tag
ASSOCIATION OF BUREAU DE CHANGE OPERATORS OF NIGERIA
The BDC operators have attributed the widening exchange rate disparity to acute scarcity of dollars due to the continued suspension of forex sales to BDCs.
Currency traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have advocated...
The Association of Bureau De Change Operators of Nigeria (ABCON) has stated that the Central Bank of Nigeria...
Hoarders are creating an artificial scarcity of the greenback within the market to cause more woes for the local currency.
The association also noted that the apex bank needs to address other issues driving the patronage of cryptocurrency exchanges for remittance transfers.
Some experts have raised concerns over the implementation of CBN's Naira4Dollar policy.
ABCON has tasked the CBN to sustain its numerous drives and interventions targeted towards forex stability in 2021.
ABCON has strongly warned foreign exchange speculators pushing for the forceful depreciation of the naira through their illegal activities.
Reopening of the BDC window for foreign exchange would crash the prevailing spike in the exchange rate.