BDCs Seek Forex Rate Convergence The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for an emergency meeting of its members to discuss critical issues in the foreign exchange (forex) market. Top on the agenda is the convergence of Bureau De Change (BDC)...

Gwadabe: CBN Must Deepen Forex Market The President of the Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, in this interview urges the Central Bank of Nigeria to create more sources of foreign exchange for operators in the market. Obinna Chima presents...

The Association of Bureau De Change Operators of Nigeria (ABCON) has asked for a N10 margin per dollar from the Central Bank of Nigeria (CBN). Granted, ABCON said, it could check operators’ tendency for round tripping. The group resolved to self-regulate to expose erring members,...

The naira continued on the path of appreciation on the parallel foreign exchange (FX) market monday as it closed at N455 to the dollar, higher than the N460 to the dollar it closed last Friday. The steady gains recorded by the nation’s currency on the...