An illegal foreign currency trader poses counting notes at a local bus station in the capital Harare

Dollar sales’ rises by 163 pct to BDCs – ABCON

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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BDC says new FX window will restore investors’ confidence in economy

Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), has said that the new foreign exchange window for investors and exporters would restore investors’ confidence in the market. Gwadabe told newsmen in an interview on Wednesday in Lagos that the effective utilisation of the window would make the Naira stronger and […]

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Naira hits 497 as demand for USD plunges

Nigeria Naira fell to 497 against the United States currency at the parallel market on Friday as dollar shortages continued to hit the market. Economic and currency experts have predicted that the naira will likely depreciate to over 500 per dollar this year. The President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu […]

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