ABCON To CBN: Allow BDCs Compete For $20bn FX Inflow   Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria, CBN, to remove restrictive controls that make it difficult for Bureaux De Change, BDCs, to compete for the...

ABCON Advocates Measures To Curb FX Challenges, Naira Depreciation   The Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated measures to curb the continued depreciation of the naira. The measures were contained in the ABCON Quarterly Economic Review for the third quarter of 2021. ABCON...

ABCON Seeks Reforms To Curb Govt Spending, Public Debt       The Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated reforms that will reduce government spending and also curb the rising national public debt. The Association also reiterated its commitment to enhancing the capacity of...

BDC Directors Urge CBN To Review N2 Margin       Bureaux De Change (BDC) directors have called on the Central Bank of Nigeria (CBN) to increase the sales margin of BDCs noting that the N2 margin presently allowed by the apex bank is inadequate. They said the call...

Forex: ABCON Bans Street Hawking, Moves To Cut Rate       The Association of Bureau De Change Operators has said it will commence what it called ‘Operation No Street Trading’ to stop the hawking of foreign exchange by BDC operators. The President, ABCON, Alhaji Aminu Gwadabe, said this...

ABCON To Forex Users: Patronise CBN-licenced BDCs       The Association of Bureaux De Change Operators of Nigeria has advised foreign exchange users and the general public to patronise only BDC operators licensed by the Central Bank of Nigeria in order to get dollars at the approved...