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Farooq

Posts Tagged "abcon"

HomePosts Tagged "abcon"

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. Aminu Gwadabe, President, ABCON, told the News Agency of Nigeria (NAN) on Sunday in Lagos that the difficulty would arise because the business of […]

Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), said on Thursday that the nation’s currency would remain stable in the months to come as the CBN sustains its interventions. Gwadabe told the News Agency of Nigeria (NAN) in Lagos that the sustained injection of liquidity to the nation’s foreign exchange […]

The Association of Bureaux De Change Operators of Nigeria has advised the Central Bank of Nigeria on immediate steps to be taken to ensure that the ongoing recovery of the naira against the United States dollar is sustained. In a statement on Sunday, the ABCON President, Aminu Gwadade, said the CBN should review the BDCs […]

The Association of Bureau De Change Operators of Nigeria (ABCON) has asked for a N10 margin per dollar from the Central Bank of Nigeria (CBN). Granted, ABCON said, it could check operators’ tendency for round tripping. The group resolved to self-regulate to expose erring members, even as they have already set up investigative panel for […]

Nume Ekeghe The Association of Bureaux de Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to review the margin allowed to sell to customers from N2 to N10 and also increase foreign exchange (FX) allocation given to the sub-sector weekly. The acting President, ABCON, Alhaji Aminu Gwadabe said this […]

The Association of Bureau De Change Operators of Nigeria (ABCON) on Monday directed its members to ensure that the Naira appreciated against the Dollar and other major foreign currencies. Its President, Alhaji Aminu Gwadabe, who spoke at the directors’ meeting in Lagos, said that it was important that the members complied with CBN regulation to force down the […]

A financial expert, Alhaji Aminu Gwadabe, has blamed the Central Bank’s knack for last minute solution for the misfortune of the naira at the foreign exchange market. Gwadabe, who is also the President, Association of Bureau De Change Operators of Nigeria (ABCON), said recent depreciation of naira could be traced to speculators’ onslaught and resistance […]

  • dollar to naira

The President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, has blamed the recent depreciation of naira on the speculators’ onslaught and resistance by the banking industry. Gwadabe said on Saturday in Lagos that the refusal of some banks to sell the invisibles such as personal and business travel allowances frustrated naira […]

Bureau De Change Operators have called on security agencies to curb illegal currency transactions at Nigerian borders to sustain the recent appreciation of the Naira against other foreign currencies. Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), made the call in an interview with the News Agency of Nigeria (NAN) on […]

  • dollar to naira

Aminu Gwadabe, president, Association of bureau de change operators of Nigeria (ABCON), says the Central Bank of Nigeria (CBN) should increase dollar sales to its members this week. Gwadabe said due to the stability in the oil sector and the increase in the price of oil at the international market, the CBN was now comfortable […]