14 results
- 2 Feb 2016
Bureaux de Change Operators to Sack 30,000 Workers
Alhaji Aminu Gwadabe, president, Association of Bureau De Change Operators of Nigeria (ABCON), yesterday said that some 30,000 bureaux de change (BDC) workers would be sacked within the first quarter…
- 28 Dec 2020
ABCON Seeks to Become Payment Agents for Diaspora Remittances
The Association of Bureaux De Change Operators of Nigeria (ABCON) has appealed to the Central Bank of Nigeria (CBN) to make Bureaux De Change (BDCs) payout agents for Diaspora remittances. Alhaji…
- 19 May 2019
ABCON Urges Members to Activate Official emails and Shun Yahoo, Gmail
Association of Bureaux De Change Operators of Nigeria (ABCON) has enjoined all Bureuaux de Change (BDCs) licensed by Central Bank of Nigeria (CBN) to create or activate over 4,000 official/ corporate…
- 3 Jan 2022
BDC Operators Beg CBN to Lift Forex Ban
Association of Bureaux De Change Operators of Nigeria (ABCON), has urged the CBN to reconsider the ban to allow BDC operators receive diaspora remittances in 2022. This was disclosed in a statement…
- 16 Jan 2016
CBN Plans to Impose Travelex on Nigerians- BDC Operators
Association of Bureau de Change Operators of Nigeria (ABCON), has accused the Central Bank of Nigeria (CBN) of plotting to make Travelex, a foreign company the only official outlet for retail foreign…
- 18 Sept 2017
Illegal Dollar Evacuation to Dubai Threatens Naira
Alhaji Aminu Gwadabe, the President of Association of Bureaux De Change Operators of Nigeria (ABCON), has said that consistent evacuation of dollars illegally from Nigeria to Dubai is a threat to…
- 17 Dec 2023
Bank Audit Leaders Urge CBN to Strengthen Fintech Regulations
The Association of Chief Audit Executives of Banks in Nigeria has called for stricter regulations of the fintech space as well as the operations of the Bureaux de Change. The association also hailed…
- 19 Jul 2024
CBN Resumes Forex Sales to BDCs with $20,000 Ceiling to Each Licensee
Central Bank of Nigeria (CBN) resumed dollar sales to Bureaux De Change (BDC) operators on Thursday July 18, with a planned disbursement of $20,000 to each licensee. The apex bank said the forex…
- 24 Mar 2017
Forex Dealers Panic as Naira Recovers to N385/$
The Naira Thursday appreciated to N385 per dollar in the Abuja segment of the parallel market, causing panic and confusion among bureaux de change (BDC) operators. Alhaji Aminu Gwadabe, president,…
- 13 Oct 2019
VAT Hike Will Worsen Unemployment, Poverty- ABCON
Association of Bureaux De Change Operators (ABCON) has warned against the proposed increase in Value Added Tax (VAT) to 7.2 per cent from five per cent. The group insisted that the increase…
- 13 Feb 2020
CBN Looks Elsewhere as Illicit Financial Flows Hit $17 billion -Stakeholders
Central Bank of Nigeria (CBN), must take a bold step in designing preventive measures and enforcing regulations that would curb commercial banks and individuals arbitrariness engaged Illicit…
- 13 Mar 2020
Naira Crashes to N420 to Dollar over COVID-19
The Naira exchanged between N405 and N420 to the dollar yesterday as panic buying by foreign currency traders triggered another round of depreciation of the local currency. Also at the Investors…
- 13 May 2016
Naira Falls to N370/S as Importers Chase Forex
The sharp depreciation of the naira in the parallel market triggered by the deregulation of petrol importation continued yesterday, with the naira depreciating to N370 per dollar. The Petroleum…
- 11 Jan 2018
CBN Orders MFBs, Others to Suspend Accounts Without BVN
Central Bank of Nigeria (CBN) has directed Other Financial Institutions (OFIs) to place all accounts without Biometric Verification Number (BVN) on a ‘post no debit’ status. OFIs operators are those…