Naira Strengthens To N665/$ At Parallel Market   The naira yesterday sustained its momentum at the parallel market, appreciating to N665 per dollar a few days after security operatives raided the Bureaux De Change (BDC) hub in Abuja. The development represents N30 or 4.3 per cent gain...

ABCON Calls on CBN to End Multiple Exchange Rates Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to use its members to end multiple exchange rates and stabilize the foreign exchange market. Aminu Gwadabe, ABCON president, says...

Naira Opens First Trading Day On Positive Note At N422/$   Naira opened trading for the year at the Investors and Exporters’ (I & E) window on an upswing yesterday. It was quoted at N422.67 per dollar, gaining N8.75, as against last year’s closing rate of...

Forex: ABCON Bans Street Hawking, Moves To Cut Rate       The Association of Bureau De Change Operators has said it will commence what it called ‘Operation No Street Trading’ to stop the hawking of foreign exchange by BDC operators. The President, ABCON, Alhaji Aminu Gwadabe, said this...

ABCON To Forex Users: Patronise CBN-licenced BDCs       The Association of Bureaux De Change Operators of Nigeria has advised foreign exchange users and the general public to patronise only BDC operators licensed by the Central Bank of Nigeria in order to get dollars at the approved...

Forex Speculators To Lose N100bn — ABCON       Foreign exchange (forex) speculators will lose over N100 billion in the next one month as the Central Bank of Nigeria (CBN) sustains massive funding for Bureaux De Change (BDC) operators. The President of the Association of Bureaux De Change...