Home Tags ABCON


Political spending may threaten Naira stability in 2018 – ABCON

President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has warned that spending by politicians ahead of the 2019 General Elections may threaten the stability of the naira.

MPC: Financial experts differ on 14% lending rate

Financial experts have expressed mixed feelings over the retention of the benchmark interest rate of 14 per cent alongside other policy parameters by the Central Bank of Nigeria (CBN).

Central bank right in retaining benchmark interest rate – Gwadabe

The president of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Wednesday defended the CBN’s retention of the benchmark interest rate and other monetary policy parameters.

Illegal dollar evacuation to Dubai threatens naira stability – Gwadabe

Alhaji Aminu Gwadabe, the President of Association of Bureaux De Change Operators of Nigeria (ABCON), says consistent evacuation of dollars illegally from Nigeria to Dubai is a threat to stability of the naira.

ABCON chief predicts end to unstable forex market

The President of the Association of Bureau de Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Friday, predicted an end to the unstable foreign exchange rate, following Nigeria’s exit from recession.

ABCON chief lauds fed govt on economic recovery

Alhaji Aminu Gwadabe, the President of Association of Bureau De Change Operators of Nigeria (ABCON), on Wednesday commended the Federal Government on the recovery of the economy.

Why CBN interventions fail to save Naira – experts

Financial experts have diagnosed plausible reasons for the steady depreciation of the nation’s currency in spite of series of interventions by the Central Bank of Nigeria in the foreign exchange market.

BDCs allege banks benefit from their losses

Bureau De Change (BDC) operators have said they are badly affected by the trending “uncompetitive rate”, which comes as the Central Bank of Nigeria (CBN) sells dollars to them at higher rate compared to what it sells to commercial banks.

Bureau De Change operators pledge support for IDPs

The Association of Bureau De Change Operators of Nigeria (ABCON) on Tuesday, pledged to assist in reducing the plight of the Internally Displaced Persons (IDPs) in the North-East.


Recent Posts

#BBNaija ‘Double Wahala’ contestant loses mum

Leo Da-Silva, one of the contestants at the ongoing BBNaija ‘Double Wahala’ reality show, has announced the death of his mother, RMO Sanni.

MASSOB: Nigerian senators have turned National Assembly to marketplace

Movement for the Sovereign State of Biafra, MASSOB, yesterday, reacted to the revelation that each Nigerian senator collects N13.3 million monthly as upkeep allowance, liking the parliamentarians to market men and women who only use the National Assembly as a marketplace for making billions of naira profit, without investing in the system.

UN: Green revolution makes safe water accessible

Nature-based solutions can play an important role in improving the supply and quality of water and reducing the impact of natural disasters, according to the newly launched 2018 edition of the United Nations World Water Development Report.

Real estate professionals laud 50 percent reduction of land use charge by Lagos government

The Chairman, Lagos State Chapter of the Nigerian Institution of Estate Surveyors and Valuers, NIESV, Mr. Olurogba Orinmalade, has Governor Ambode’s gesture in slashing the new

Imo APC coalition disagrees with Governor Okorocha on council election

Imo All Progressive Congress, APC, Restoration Coalition, yesterday, said it would not accept a local government election, aimed at boosting the 2019 gubernatorial ambition of Okorocha’s son-in-law, Mr. Uche Nwosu.

Most Popular

President Buhari’s visit to Benue political, afterthought – PDP

The Peoples Democratic Party (PDP) says President Muhammadu Buhari visited Benue state for political reasons.

Plateau violence: I’m just a scapegoat – Sacked council chief

The Chairman of Bokkos Local Government Area of Plateau State, Mr. Simon Angyol, who was sacked over the lingering violence in the area on Tuesday, has said he was used as a scapegoat.

Mauritius president resigns amid financial misconduct claims

The president of the Indian Ocean nation of Mauritius, Africa's only female head of state, has resigned amid a financial scandal.

Senators Saraki, Ekweremadu congratulate Chile Eboe-Osuji on election as ICC President

Senate President Bukola Saraki on Monday congratulated Mr Chile Eboe-Osuji, a Nigerian Judge, on his election as the President of the International Criminal Court (ICC).

United Nations staff to go on strike over pay cut

United Nations staff in Geneva have called a strike for Friday after winning support from 90 per cent of more than 1,000 employees who cast ballots, the staff council said.