The Central Bank of Nigeria (CBN) on Monday resumed foreign exchange (forex) sales to Bureau De Change (BDC) operators in fulfilment of its earlier promise made to the effect. The sale, from which about 5,180 operators were projected to get $10,000 each, is part of the monetary authorities’ efforts to reduce the operators’ challenges in […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) has canvassed the need for government to fast-track the implementation of the power sector reform programme as a desirable step towards providing stable electricity for households and businesses in the country. This is even as it called on its member-entities BDCs to adopt the principle […]
The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Mallam Aminu Gwadabe, has described speculations about the Naira exchange rate against the dollar and other international currencies by some analysts this year as undesirable for the current efforts by the fiscal and monetary authorities to stabilize the national currency’s exchange rate […]
The Association of Bureaux De Change Operators of Nigeria has said that the nation’s foreign exchange market achieved improved level of stability in the first half of this year due to about 163 percent increase in dollar sales to bureaux de change. The association stated that the improved supplies of about $3.1 billion during the […]
The Association of Bureau De Change Operators of Nigeria, ABCON, has flawed the ongoing suspension of bureau de change accounts by banks on the grounds of tax remittances on turnover volumes. The banks’ action was sequel to the directive of the Federal Inland Revenue Service, FIRS, to the banks to demand that the BDCs pay […]