ABCON Kicks Against Speculators Depreciating Naira Forcefully         The Association of Bureaux De Change Operators of Nigeria has warned foreign exchange speculators pushing the naira to forceful depreciation through their illegal activities. ABCON gave the warning in a statement titled, ‘ABCON warns speculators will lose money as...

Naira Gains, Exchanges For N457/$       The naira gained slightly, as it exchanged to the dollar at N457/$ at the parallel market on Tuesday. It had earlier exchanged at N465/$ a week earlier. The President, Association of Bureaux De Change Operators, Alhaji Aminu Gwadabe, said, “The intervention sales...

ABCON Urges CBN To Raise BDCs’ Trading Margin     The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to increase the margin allowed BDCs on foreign exchange transactions. Making this appeal at a webinar organised by the...

ABCON Calls For Suspension Of Taxes, Tariff Hike   Association of Bureaux De Change Operators of Nigeria (ABCON), has called on the Federal Government to suspend all increases in taxes and tariffs until the economy recovers from the impact of the COVID-19 pandemic. The Association made this...

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...