The Central Bank of Nigeria has confirmed that only 82 Bureaux De Change (BDCs) have been granted final approval to operate in the country after meeting its new and stricter …
ABCON
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BankingEconomyFinance & ServicesForex TradingGovernment PolicyMarketsRegulation
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CBN Silent as Recapitalisation Deadline for BDCs Elapses
The Central Bank of Nigeria (CBN) is yet to speak on the next steps regarding the planned recapitalisation of Bureau De Change (BDC) operators, even as the official deadline of …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesMarketsNigeria
ABCON Warns Over Three Million Nigerians May Lose Livelihood as BDCs Struggle to Meet New Capital Requirement
The Association of Bureau De Change Operators of Nigeria (ABCON) has raised serious concerns about the impact of the Central Bank of Nigeria’s (CBN) new capital requirements for Bureau De …
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AfricaAFRICA NEWSBanking, Finance & InvestmentNigeria
ABCON seeks CBN’s support for digital transition
by Editorby EditorAs exchange rate volatility continues to impact the economy, the Association of Bureau de Change Operators of Nigeria(ABCON) has called on the Central Bank of Nigeria (CBN) to democratize and …
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The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for what it called BDC Autonomous Foreign Exchange Trading Window (BAFEX), saying this would help to restore sanity …