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Farooq

Posts Tagged "abcon" (Page 2)

HomePosts Tagged "abcon" (Page 2)

Currency speculators are in for a bad season as they stand to lose billions of Naira to the new CBN forex policy. The President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, on Friday said speculators’ fingers had been burnt due to the policy. He said, “The speculators’ fingers are completely burnt. […]

Obinna Chima Bureaux De Change (BDCs) licenced by the Central Bank of Nigeria (CBN) are not part of parallel market operators, the Association of Bureaux De Change Operators of Nigeria (ABCON) declared yesterday. ABCON President, Aminu Gwadabe, in a statement, distanced his members from the activities of parallel market operators, which have constituted major setback […]

  • CBN

Nume Ekeghe The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged Central Bank of Nigeria (CBN) and the federal government to harmonise the multiple exchange rates in the country. Also in its bid to create awareness, promote consistency and support the CBN towards achieving exchange rate stability, the association launched an official […]

Association of Bureaux De Change Operators of Nigeria (ABCON) has said that it is committed to deepening professionalism among bureaux de change operators in order to engender foreign investors’ confidence in the Nigerian foreign exchange market. Speaking at the South West zonal meeting of the association, ABCON President, Alhaji Aminu Gwadabe said that BDC operators should […]

Alhaji Aminu Gwadabe, the President of the Association of Bureau De Change Operators of Nigeria, has urged the Central Bank of Nigeria to register another independent forex distributor to complement the services of Travelex. Gwadabe told the News Agency of Nigeria in Lagos on Tuesday that the registration had become necessary to meet the needs […]

  • dollar to naira

The President, Association of Bureau de Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Friday said it was illegal for his members to sell a dollar above N356. Gwadabe, in an interview with the News Agency of Nigeria (NAN) in Lagos, said that the sale of dollar by Travelex to BDCs was already impacting positively […]