ABCON Directs BDCs To Comply With N380/$ Rate   The Association of Bureaux De Change Operators of Nigeria has directed its members across the country to comply with the new official exchange rate of N380 per dollar as well as other provisions of the new foreign...

How CBN, BDCs Stopped Further Crash Of Naira   Indications emerged at the weekend as to how the Central Bank of Nigeria and bureau de change operators (BDCs) rallied round to forestall further crash of the naira. The Nation was reliably informed that following the crash of...

ABCON Cautions FG On France’s Involvement In Eco Currency   The Association of Bureaux De Change Operators of Nigeria, has advised the Federal Government to be wary of the involvement of France in the Eco currency project. Giving this advice in the association’s quarterly review for the...

N305/$ Exchange Rate Has Stabilised Naira - ABCON   The Association of Bureaux De Change Operators of Nigeria (ABCON) on Sunday defended the Central Bank of Nigeria’s (CBN’s) N305 to dollar exchange rate policy. It said the decision has helped in stabilising the naira. ABCON President Aminu Gwadabe...

CBN’s Examination Shows Breach Of Rules By BDC Operators   Despite the increasing awareness and reforms in the Bureau De Change (BDC) sub-sector, a significant number of operators are below the requisite rules guiding their activities, the Financial Stability Report of the Central Bank of Nigeria...

ABCON Cautions FG Against VAT Hike   The Association of Bureaux De Change Operators of Nigeria (ABCON) has cautioned against the proposed increase in the Value Added Tax (VAT) to 7.5 per cent, from five per cent. According to the currency dealers, the proposal would lead to...