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BDCs boost forex receipts, account for over $20b yearly

BDCs boost forex receipts, account for over $20b yearly

The Association of Bureau De Change of Nigeria (ABCON) has stated that one of the most efficient tools introduced in the management and stability of the country’s foreign exchange market by the Central Bank of Nigeria (CBN) was the involvement of the body in forex management. The Association’s national President, Alhaji Aminu Gwadabe, who spoke […] …

ABCON alerts public over fake $100 bills import from India

ABCON alerts public over fake $100 bills import from India

.Gets CBN, EFCC nod on campaign against fake currency   The Association of Bureaux De Change Operators of Nigeria ( ABCON ) on Friday alerted the public over ongoing security investigation on $100 bills being imported from India into Nigeria. The ABCON President, Alhaji Aminu Gwadabe, who disclosed the development to financial journalists after the […] …

Forex: CBN approves wider margin for BDCs

Forex: CBN approves wider margin for BDCs

•Apex bank boosts liquidity with $210m Ifeanyi Onuba, Abuja The Central Bank of Nigeria has approved an upward review of the trading margin available to operators of Bureau De Change in the country. The Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, confirmed this in a statement issued on Monday. He said that following […] …

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