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Bureaux de Change want Chinese Yuan for customers

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the CBN to approve Renminbi (Yuan) disbursements to its members to deepen the China-Nigeria Swap deal.

Central bank orders commercial banks to sell forex to customers, non-customers

As the Central Bank of Nigeria (CBN) at the weekendordered all Deposit Money Banks (DMBs) to sell forex to travellers over the counter, the Association of Bureaux De Change Operators of Nigeria (ABCON) has kicked against the order calling on the regulator to review BDC’s dollar purchase rate to align with rate commercial banks’ buying rate.

Speculative attacks fuel Naira depreciation

The announcement of a currency- swap deal between Nigeria and China has compelled speculators to make last minute plans to wreck havoc on the naira before the deal gets underway.

Forex: ABCON’s live portal ’ll keep speculators at bay – Aminu Gwadabe

As the Association of Bureaux De Change Operators of Nigeria (ABCON) launched the live rate engine room, www.naijabdcs.com, in Lagos yesterday, its President, Aminu Gwadabe, has predicted that the new initiative would transform the foreign exchange (forex) market and keep speculators at bay.

Naira closes at N362 to dollar at parallel market

The Naira on Wednesday closed at N362 to the dollar, stronger than N363 posted on Monday at the parallel market, the News Agency of Nigeria (NAN) reports.

BDCs moves to improve transparency in transactions

The Association of Bureau De Change Operators of Nigeria (ABCON), says it has taken measures to ensure that its members imbibe the culture of transparency in transactions and corporate governance.

ABCON chief warns of looming election-induced capital flight

Ahead of the 2019 general elections, the President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, has warned of a possible capital flight.

Central bank urged to cut MPR, eradicate multiple exchange rates

Alhaji Aminu Gwadabe, the President of Association of Bureau d’Change Operators of Nigeria (ABCON), has advised the CBN to reduce its monetary policy rates.

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.

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