Banks Suspends BDCs' Accounts, Demands Tax Remittance The Association of Bureau De Change Operators of Nigeria has kicked against ongoing banks’ suspension of bureau de change accounts, demanding for tax remittances on turnover volumes. In a statement on Thursday, the President, ABCON, Alhaji Aminu Gwadabe, said...

Gwadabe Advocates Review Of Exchange Rate Band The President of Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has reiterated the need for the Central Bank of Nigeria (CBN) to review the exchange rate band at which Bureaux de Change (BDCs)...

ABCON Set To Launch Website For FX Rates In May     The Association of Bureaux De Change Operators of Nigeria (ABCON) will on May 2, 2018, launch www.naijabdcs.com, a live rate engine room created by theassociation to promote transparency and price discovery in the foreign exchange...

BDC Operators Seek Integration Into I & E Market     The Association of Bureaux De Change Operators of Nigeria (ABCON) has appealed to the Central Bank of Nigeria (CBN) to integrate its members into the Investors’ and Exporters’ (I & E) foreign exchange (forex) window. ABCON stated...

BDCs Partner NIBSS To Automate Operations     Bureau de change operators under the aegis of the Association of Bureaux De Change Operators of Nigeria are collaborating with the Nigeria Inter-bank Settlement System Plc to automate their operations for online real time returns rendition. The Acting President, ABCON,...

Negative Trends In Stock Market Raise Concern Over Naira Stability – ABCON Chief   Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria (ABCON) says negative trends in the Nigerian stock market is posing threats to Naira stability. Gwadabe said on Monday...