Tag Archives: Association of Bureaux De Change Operators of Nigeria

THE Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all licensed Bureaux De Change (BDCs) has appealed to the Central Bank of Nigeria (CBN) to adjust its applicable exchange rate downward to below the N1,251/$ it pegged for the BDCs. The request followed the epoch …

Despite the increasing awareness and reforms in the Bureau De Change (BDC) sub-sector, a significant number of operators are below the requisite rules guiding their activities, the Financial Stability Report of the Central Bank of Nigeria (CBN) for 2018, has noted. In a target examination of 100 selected BDCs conducted …