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Atiku Abubakar

Atiku Abubakar’s lawyer, son-in-law detained for ‘money laundering’

Ahead of trial for laundering of $2 million, the Economic and Financial Crimes Commission (EFCC) has detained Abdullahi Babalele, who is a son-in-law to ex-Vice President Atiku Abubakar, and Atiku’s lawyer, Mr. Uyi Giwa-Osagie.

Lawyer asks court to nullify central bank chief’s re-appointment

A whistle blower, George Uboh, has challenged the plan by the federal government to extend the appointment of the Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele
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.”

Bureaux de Change operators set exchange rate agenda for President Buhari

The Association of Bureaux de Change Operators of Nigeria (ABCON) has set N250 to dollar exchange rate agenda for President Muhammadu Buhari in his second term in office.
Dollar

ABCON: Fake $100 bills in circulation

The Association of Bureaux De Change Operators of Nigeria (ABCON) on Friday alerted members of the public about ongoing security investigation into fake $100 bills allegedly imported into Nigeria from India.

ABCON partners EFCC on campaign against money laundering

The Association of Bureaux De Change Operators of Nigeria and the Economic and Financial Crimes Commission have extended the campaign against money laundering and terrorism financing to Bureaux de Change operators at the Murtala Muhammed Airport 2 (MM2), Lagos.

ABCON: CBN should make Bureaux de Change direct agents of IMTOs

Association of Bureaux De Change Operators of Nigeria, ABCON, has called on the Central Bank of Nigeria, CBN, to implement provisions of its 2014 circular which makes BDCs direct agents of international money transfer operators, IMTOs, as obtained in other countries.

Analysts predict spike in December inflation rate

As the National Bureau of Statistics (NBS) releases its December 2018 inflation figures this week, leading research firms in the country, FSDH Research and Financial Derivatives Company (FDC), said in their forecasts at the weekend that the nation’s inflation rate for December 2018 would increase.
An employee shows US dollar banknotes at a foreign currency brokerage office in Khartoum on October 7, 2018. - Sudan slashed the official value of its currency against the US dollar by more than half on October 7, the third devaluation this year in the face of a mounting economic crisis. (Photo by ASHRAF SHAZLY / AFP)

Naira ends 2018 stable with central bank, bureaux de change deal

The strategic partnership between the Central Bank of Nigeria (CBN) and Association of Bureaux De Change Operators of Nigeria (ABCON) on foreign exchange (forex) supplies and sustenance of market integrity helped the naira’s stability in 2018.

Group praises central bank policies under Godwin Emefiele

The Coalition of Civil Society Group (COCSG) has commended the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, for implementing policies that have helped stabilise the economy.

Central bank spends $20.91 billion in six months to defend naira

Within a space of six months this year, the Central Bank of Nigeria (CBN) has so far expended about $20.91 billion to stabilise the naira at the various segments of the foreign exchange (forex) market.

The wrong way to defend the naira

The Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).

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.

Central bank injects $210m into foreign exchange market

The Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars into the inter-bank Foreign Exchange Market to sustain liquidity.

Naira weakens marginally against dollar

The Naira on Tuesday weakened marginally against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.

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.

Recent Stories

Clayson Monyela

South Africa: Nigeria overreacted to recent xenophobic attacks – official

Clayson Monyela, spokesman of the Department of International Relations and Cooperation (DIRCO) in South Africa, says Nigeria overreacted to the recent xenophobic attack in the country.
Big Brother Naija, BBNaija housemate, Khafi has shunned an advice from fellow housemates over her relationship with Gedoni.

Khafi Kareem evicted from BBNaija House

While in the house, the 29-year old won the Innoson vehicle valued at over N3m, and a N220,000 Scanfrost TV.

Expert calls for improved health infrastructure

A Medical Practitioner, Dr Tony Momoh, has advised government to fix dilapidated health infrastructure and provide equipment to make the health sector more functional.

Tribunal upholds elections of two Oyo PDP lawmakers

The House of Assembly Elections Petition Tribunal sitting in Ibadan on Sunday upheld the elections of two People’s Democratic Party (PDP) assembly members in Oyo State.
Femi Fani--Kayode

Xenophobia: Only Julius Malema can save South Africa now – Femi Fani-Kayode

A chieftain of the Peoples Democratic Party, PDP, Femi Fani-Kayode, has revealed the man that can save South Africa at this moment.