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Tag: Association of bureau de change operators of nigeria

Business

Dollar May Sell Below N1,000 As CBN Releases Fresh Forex To BDCs

The Naira may sell below N1000 as the Central Bank of Nigeria has communicated to Bureau de Change Operators about releasing another tranche of...

Business

EXCLUSIVE: CBN May Reduce N2bn Capitalisation Requirement For BDCs, As ABCON Set To Submit Input On New Regulation

After resuming forex intervention to Bureau de Change Operators (BDCs), the Central Bank of Nigeria (CBN) is willing to lower the N2bn capitalisation requirement...

Business

EXCLUSIVE: CBN To Resume $20,000 Weekly Dollar Intervention To BDCs On Monday, Abandons Willing Buyer, Willing Seller Policy

Following pressure on the naira, the Central Bank of Nigeria (CBN) will resume its weekly dollar intervention to qualified Bureau de Change Operators (BDCs)....

Business

ABCON Set To Automate Forex Trade With Customers, Says Nationwide Raid On BDCs Targeted At Speculators

The Association of Bureau De Change Operators of Nigeria (ABCON) said that the nationwide raid on Bureau de Change traders by security and anti-graft...

Business

Customers Stranded As BDCs In Abuja, Kano, Lagos Shutdown Over Dollar Spike

Bureau de Change Operators, under the Association of Bureau de Change Operators of Nigeria have shutdown operations over the surge in the price of...

Business

ABCON Blames Naira Depreciation On Illegal BDC Operators, Says Association Unhappy With Forex Crisis

The Association of Bureau de Change Operators (ABCON) of Nigeria has said that it is not responsible for the crash of the naira at...

Business

Dollar Overtakes Euro, Exchanges For N1,155 As Forex Crisis Worsens

The United States dollar has overtaken the Euro in the Bureau de Change segment of the foreign exchange market, trading at N1,155 per dollar...

Business

Forex Crisis: ABCON Directs BDC Operators To Stop Buying Dollars Above N900

Bureau de Change dealers across Nigeria may be planning a surprise disruption in the foreign exchange market as they have reached an agreement to...

Business

BREAKING: CBN To Resume Sale Of Dollars To BDCs, Demands Daily Rendition Of Forex Utilization

The Central Bank of Nigeria has announced measures to reintroduce Bureau de Change Operators in Nigeria into the foreign exchange market a few days...

Business

CBN To Release Fresh List Of Approved Bureau De Change Operators As ABCON Directs Compliance With New Forex Guideline

The Central Bank of Nigeria is compiling a fresh list of approved Bureau de Change Operators and the list will be based on compliance...

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