Tag: BDC
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CBN injects $190m into FOREX market, opens up market
Relentless to achieve convergence of rates between the interbank and Bureau de Change segments of the foreign exchange market (FOREX), the Central Bank of Nigeria (CBN) has injected another 190 million dollars into the market. The acting Director, Corporate Communications, CBN, Mr Isaac Okorafor, in a statement on Monday in Abuja, said 100 million dollars…
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BDCs vindicated by discovery of money in Lagos, says Gwadabe
Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria (ABCON) said that the discovery of huge sums of money in Lagos has vindicated its members. Speaking with newsmen in Lagos, Gwadabe said that ABCON was saddened by the development, but added that the real enemies of the Naira were gradually being…
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BDC operators advocate professionalism in forex market
The Association of Bureaux De Change Operators of Nigeria (ABCON) says it is committed to deepening professionalism among its members to gain investors’ confidence. Alhaji Aminu Gwadabe, ABCON’s President, said this at the South-West zonal meeting of the association on Thursday in Lagos. He said that the body believed that professionalism engendered foreign investors’ confidence…