Make BDCs Direct Agents Of IMTO, ABCON Urges CBN   Association of Bureaux De Change Operators of Nigeria has called on the Central Bank of Nigeria to implement provisions of its circular in 2014, by making BDCs direct agents of international money transfer operators as obtained...

Banks Suspends BDCs' Accounts, Demands Tax Remittance The Association of Bureau De Change Operators of Nigeria has kicked against ongoing banks’ suspension of bureau de change accounts, demanding for tax remittances on turnover volumes. In a statement on Thursday, the President, ABCON, Alhaji Aminu Gwadabe, said...

BDCs Partner NIBSS To Automate Operations     Bureau de change operators under the aegis of the Association of Bureaux De Change Operators of Nigeria are collaborating with the Nigeria Inter-bank Settlement System Plc to automate their operations for online real time returns rendition. The Acting President, ABCON,...

BDCs Seek Extension Of January Deadline For Licence Renewal The Association of Bureaux De Change Operators of Nigeria, the umbrella body of over 3,500 BDC operators licensed by the Central Bank of Nigeria in the country, has called on the regulator to extend the January...

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)...

The Central Bank of Nigeria (CBN) resumes this week’s foreign exchange market intervention today with a disbursement of $240 million. Of the sum, $90 million is for invisibles – business/personal travel allowances, medical, school fees, among others, while $150 million goes to interbank wholesale auction...