Can Nigeria survive naira devaluation, COVID-19 crisis, oil price crash? Business Hilights Mar 23, 2020 Though the Central Bank of Nigeria (CBN) has continued to deny the fact that it had technically devalued the Nigerian naira,…
Can naira recover from round-tripping over falling oil price? Business Hilights Mar 16, 2020 Activities at the nation’s foreign exchange market last week may continue to hold negative sway this week as Coronavirus-indicted…
Fake minted $100 smuggled from India flood Nigeria—ABCON warns Business Hilights Feb 26, 2019 The leadership of Association of Bureaux De Change Operators of Nigeria (ABCON) has warned Nigerians dealing in businesses that…
System automation to deepen regulation compliance—ABCON President Business Hilights Feb 8, 2019 President of the Association of Bureaux de Change Operators of Nigeria (ABCON), Mr. Aminu Gwadabe, has given more reasons why the…
ABCON claims its partnership with CBN largely stabilized the naira Business Hilights Nov 27, 2018 Whereas there seems to be a regime of forex stability even though exchange remained on the high side, the leadership of the…
ABCON welcomes move by FG to return Nigeria to JP Morgan Index Business Hilights Jan 30, 2018 The Association of Bureaux De Change Operators of Nigeria (ABCON) as described the current plan of the federal government to to…
Open more forex access centres, avoid evening payments to us, ABCON tells CBN Business Hilights Jan 18, 2018 Leadership of the Association of Bureaux De Change Operators of Nigeria (ABCON), the union of licensed bureau de change operators…
ABCON boss leaks key cause of persistent naira fall to dollar Business Hilights Sep 20, 2017 Illicit dollar (cash) traffic to Dubai is the key factor that has been frustrating the efforts of the government in firming naira.…
Experts give reasons why CBN interventions are not saving naira Business Hilights Aug 24, 2017 After several months of routine injection of forex by the Central Bank of Nigeria (CBN) with negligible results in salvaging…
Forex: CBN’s signals show relevance of BDC as business gone Business Hilights Aug 22, 2017 First of all, no country in the world legalizes the exchange of its currency along the streets, rather in banks through a managed…