ABCON Seeks CBN Support On BDCs’ Digitalisation     The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to support the migration to digital operations by Bureaux de Change (BDCs). ABCON President, Aminu Gwadabe, in a statement, said BDC...

Naira Struggles For Stability As External Reserves Gain         The naira dipped slightly after it exchanged for N474/$ at the parallel market on Monday. It had earlier exchanged for 473/$ for most of last week. At the Investors & Exporters forex window, it closed at N388/$ after it...

Exchange Rate Unification’ll Maximise Remittances’ Benefits – ABCON         The Association of Bureaux De Change Operators of Nigeria has said that unification of exchange rates is necessary to maximise the economic benefits of increased remittances inflow into the economy. ABCON commended the recent policy measures introduced by...

ABCON Tasks CBN On Forex Stability In 2021         The Association of Bureaux De Change Operators of Nigeria (ABCON), on Tuesday, urged the Central Bank of Nigeria (CBN) to continue to stabilise the foreign exchange rates for economic growth. Alhaji Aminu Gwadabe, ABCON President, gave the advice...

ABCON To CBN: Make BDCs Diaspora Remittance Agents         The Association of Bureaux De Change Operators of Nigeria has appealed to the Central Bank of Nigeria to make Bureaux De Change operators payout agents for diaspora remittances. The President, ABCON, Alhaji Aminu Gwadabe, said the apex bank...

Naira Bounces Back, Appreciates To N470/$ In Parallel Market       The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar. The naira had earlier depreciated by N30 against the dollar, as the parallel market...