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Association of Bureau De Change Operators of Nigeria

Federal government urged to boost Naira-Yuan currency swap deal

The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has urged the Federal Government to capitalise on the emerging global trends to strengthen the Naira-Chinese Yuan swap deal with a view to boosting derivatives market.
Travelex

Travelex: Nigeria, other African nations lose $50 billion to illicit flows annually

Travelex Nigeria Limited at the weekend disclosed that Nigeria and other African countries “are losing over $50 billion annually through illicit financial flows.”

ABCON: Predictions on Naira devaluation speculative, sabotage

Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), on Monday in Lagos described prediction that the naira would fall to N415 to the dollar by the end of the year as speculative and act of sabotage.

Yuletide: Naira will sustain stability – Aminu Gwadabe

Alhaji Aminu Gwadabe, the President, Association of Bureau de Change Operators of Nigeria (ABCON) has predicted that the Naira will sustain its stability as the nation’s foreign exchange market winds down for the Yuletide.

Naira appreciates against dollar at investors’ window

The Naira on Monday gained 10 kobo to exchange at N363.64 to the dollar at the investors’ window, stronger than N363.74 posted on Friday.

ABCON: Central bank’s new rule on bureaux de change difficult to implement

The Association of Bureau De Change Operators of Nigeria (ABCON) has said that Central Bank’s new corporate governance policy limiting the tenure of directors of BDCs might be difficult to implement.

ABCON kicks as banks suspend BDCs’ accounts over tax remittance

The Association of Bureau de Change Operators of Nigeria has kicked against the on-going banks’ suspension of bureau de change (BDC) accounts and demanded for tax remittances on turnover volumes.

Banks suspend Bureaux de Change accounts over tax remittance

Banks have placed a ‘Post no Debit’ notice on the accounts of some Bureaux de Change operators, demanding that they remit taxes on their transaction turnover.

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.

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.

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).

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.

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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