CBN Charges ABCON To Play Stronger Role In BDC Sub-sector
The Central Bank of Nigeria (CBN) has advised the Association of Bureaux De Change Operators of Nigeria (ABCON) to play stronger role in the bureaux de change industry by embracing self-regulation.
Speaking during the Inter-Governmental Action...
BDCs In ‘No Error Mode’ As FATF Visit Beckons
There is no doubt that a lot has happened with the Bureau De Change (BDC) segment of the nation’s foreign exchange (forex) market.
They are regarded as the weakest link and most implicated, whether true or false...
ABCON To FG: Remove Economic Subsidies
The Association of Bureau De Change Operators of Nigeria has called for elimination of fuel and foreign exchange subsidies in order to address structural defects in the economy.
The association made this call in its quarter economic review report for...
ABCON Seeks Boost For Naira-Yuan Swap Deal
The President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, has said that the ongoing economic, trade and currency wars between the United States of America and Russia/ Asian countries present Nigeria with some lifetime...
US, China Trade War Good For Naira Stability, ABCON Says
The trade war between the United States of America and China have led to higher crude oil (Brent) prices, which is good for the naira and Nigerian economy, the President, Association of Bureaux De Change...
ABCON Advocates Radical Power Sector Reforms, Business Growth
The Association of Bureaux De Change Operators of Nigeria has called for radical implementation of the power sector reform programme to ensure access to stable electricity supply for households and businesses.
The association made this call in its...
