The Central Bank of Nigeria (CBN) has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators

ABCON Reveals Why Naira Regained Strength at FX Market   The Association of Bureau De Change Operators of Nigeria (ABCON), has revealed why the Naira is regaining strength against the dollar. “The development stems from the ‘double-edged sword dollar liquidity injection and the mopping up of the...

Grant BDCs Digital Autonomy, ABCON Urges CBN The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria to grant Bureaux De Change operators (BDCs) digital autonomy to achieve exchange rate convergence. In a statement on Sunday, the President, ABCON...

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...