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 To CBN: Allow BDCs Compete For $20bn FX Inflow   Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria, CBN, to remove restrictive controls that make it difficult for Bureaux De Change, BDCs, to compete for the...

Forex Scarcity: BDCs Fear N300bn Loss, Job Cuts           More than two months after the Central Bank of Nigeria stopped the sale of forex to its licensed Bureau de Change operators, workers in the sector are being laid off over scarcity of forex, findings have revealed. Operators...

Naira Slides To 505/$ As CBN Stops Forex Sale To BDCs     The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced the discontinuity of forex supplies to the Bureau de Change Operators in...

Naira Exchanges For 503/$ At Parallel Market     The naira exchanged to the dollar at 503 at the parallel market on Friday according to the Bureau de Change operators. Figures obtained from naijbdcs.com, the official website for the licensed BDCs by the Central Bank of Nigeria showed...

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...