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CBN, ABCON partnership stabilises naira despite campaign spendings

CBN, ABCON partnership stabilises naira despite campaign spendings

Ongoing strategic partnership between the Central Bank of Nigeria (CBN) and the Association of Bureaux De Change Operators of Nigeria (ABCON) has kept the naira stable at both the official and parallel markets despite huge campaign spendings by political parties. ABCON President, Alhaji Aminu Gwadabe, who spoke with financial journalists in Lagos at the weekend, […]
The post CBN, ABCON partnership stabilises naira despite campaign spendings appeared first on The Sun Nigeria. …

Magu cautions Bureau de Change operators against excesses of politicians

Adams Oshiomhole May Be Sacked Any Moment From Now, As Bukola Saraki Puts President Buhari On The HOT Seat

The Acting Chairman, Economic and Financial Crimes Commission (EFCC) Mr Ibrahim Magu has cautioned Bureau de Change (BDC) operators in the country against aiding corrupt practices of some politicians. …

Tax remittance: ABCON kicks as banks suspend BDCs’ accounts

Tax remittance: ABCON kicks as banks suspend BDCs’ accounts

Nike Popoola The Association of Bureau De Change Operators of Nigeria has kicked against ongoing banks’ suspension of bureau de change accounts, demanding for tax remittances on turnover volumes. In a statement on Thursday, the President, ABCON, Alhaji Aminu Gwadabe, said banks were acting under the directive of the Federal Inland Revenue Service to demand […] …

ABCON seeks rate review, VAT exemption for BDCs

ABCON seeks rate review, VAT exemption for BDCs

•Group launches Naijabdcs.com portal The Association of Bureaux De Change Operators of Nigeria (ABCON) yesterday asked the Central Bank of Nigeria (CBN) to review the rate at which dollars are sold to bureau de change (BDCs) to enable the operators compete favourably with commercial banks. ABCON President, Aminu Gwadabe spoke during the official launch ofRead More
The post ABCON seeks rate review, VAT exemption for BDCs appeared first on The Nation Nigeria. …

Forex: ABCON to launch Naijabdcs.com live rate portal

Forex: ABCON to launch Naijabdcs.com live rate portal

•Gets CBN’s no-objection approval The Association of Bureaux De Change Operators of Nigeria (ABCON) will on May 2,  launch www.naijabdcs.com, a live rate engine room created by the group to promote transparency and price discovery in the foreign exchange (forex) market. Speaking to financial journalists ahead of the portal launch holding at the Lantana Hall,Read More
The post Forex: ABCON to launch Naijabdcs.com live rate portal appeared first on The Nation Nigeria. …

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