The Association of Bureaux De Change Operators of Nigeria ( ABCON ) on Friday alerted the public over ongoing security investigation on $100 bills being imported from India into Nigeria. The ABCON President, Alhaji Aminu Gwadabe, who disclosed the development to financial journalists after the group’s National Executive Council (NEC) Meeting in Lagos, said the […]
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The naira has in over 18 months remained stable at both the official and parallel markets despite several odds facing it ahead of the 2019 general elections, President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji (Dr.) Aminu Gwadabe has said. Speaking to journalists in Lagos, the ABCON boss commended the Central Bank […]
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The Association of Bureaux De Change Operators of Nigeria (ABCON) will tomorrow launch its live run automation portal in Lagos. The initiative is expected to automate all BDCs’ operations with the Nigeria Inter-bank Settlement System (NIBSS), Nigeria Financial Intelligence Unit (NFIU) and Central Bank of Nigeria (CBN). It is aimed at improving the level of […]
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The Association of Bureaux De Change Operators of Nigeria has said that the 163 per cent increase in dollar sales to bureaux de change, to the tune of $3.1 billion in the first half of the year, helped to sustain exchange rate stability and protected 25,000 jobs in the subsector. The President, ABCON, Alhaji Aminu […]
Read More The Association of Bureaux De Change Operators of Nigeria (ABCON) has revealed that the 163 per cent increase in dollar sales to bureaux de change (BDCs) which amounted to $3.1 billion in the first half of the year, helped in sustaining exchange rate stability and protected 25,000 jobs in the sub-sector. ABCON President, Alhaji Aminu […]
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The Association of Bureau De Change Operators of Nigeria has called on the Central Bank of Nigeria to review the exchange rate band at which Bureaux de Change buy dollars to align with commercial banks’ buying rate. According to the President, ABCON, Alhaji Aminu Gwadabe, BDC operators buy dollars from International Money Transfer Operators as […]
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THE Association of Bureau De Change Operators of Nigeria has faulted the stoppage of dollar sales to its members, while calling on the Central Bank of Nigeria to reverse the decision. The ABCON, in a communique issued at the end of its national emergency general meeting held in Lagos, also said the N35m caution fee […]
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