Anxiety As Forex Scarcity Hit Banks   Indications are that most deposit money banks (DMBs) operating in the country are practically struggling to meet daily demands of foreign exchange to customers, The Nation has learnt. This is despite the reported weekly cash lodgments of $100million being disbursed...

ABCON Calls For Suspension Of Taxes, Tariff Hike   Association of Bureaux De Change Operators of Nigeria (ABCON), has called on the Federal Government to suspend all increases in taxes and tariffs until the economy recovers from the impact of the COVID-19 pandemic. The Association made this...

Speculators’ll Lose Billions On Forex Sales Resumption, Says ABCON   The Association of Bureau De Change Operators of Nigeria has said that currency speculators will lose huge funds as the Central Bank of Nigeria plans to resume dollar sales to over 5,000 Bureau De Change operators...

BDCs Caution Members Against Speculation, Dollar Exchanges N461/$     The Association of Bureaux De Change Operators of Nigeria has warned its members and forex speculators putting pressure on the naira to stop the practice or risk losing their money. This came as the dollar was on Wednesday...

Dollar Sells For N445 As Forex Scarcity Persists   The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex market. The extension of the ban placed on flights in the country by the Federal Government, as part...

COVID-19: CBN Grants Two-week Market Holidays To BDCs   The Central Bank of Nigeria (CBN) has granted a two week market holidays to the Bureaux De Change operators. This followed a request by the Association of Bureaux De Change Operators of Nigeria (ABCON) to the CBN for...