The Central Bank of Nigeria (CBN) has described calls for the resignation of the Governor, Mr Godwin Emefiele, over issues relating to the exchange rate of the Naira as nothing but frustration cries by those who have and are still benefitting from rent-seeking practices in the parallel forex market. Specifically, the apex bank linked the […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) on Tuesday urged the Central Bank of Nigeria (CBN) to sustain its monetary policy measures aimed at stabilizing the Naira foreign exchange rates for economic growth. A news report by the News Agency of Nigeria (NAN) quoted the National President of the association, Alhaji Aminu […]
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 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 […]