Nigeria’s Currency Outlook Remains Bright–Gwadabe

President of Association of Bureaux De Change Operators of Nigeria (ABCON), Mr Aminu Gwadabe, has said outlook of the nation’s currency remains bright as the country continues to enjoy recognition from the international community and developmental partners. According to him, the post-recession economy witnessed tremendous growth in Foreign Direct Inflows (FDIs), renewed investor’s confidence and… Continue reading Nigeria’s Currency Outlook Remains Bright–Gwadabe

Nigerians now Know Real Enemies of Naira—Gwadabe

By Modupe Gbadeyanka President of the Association of Bureau De Change Operators of Nigeria (ABCON), Mr Aminu Gwadabe, has said that the discovery of huge sums of money in Lagos has vindicated its members. Every well-meaning Nigerian has seen that the issue of depreciation of the naira was beyond the BDCs, he stated. “Only God… Continue reading Nigerians now Know Real Enemies of Naira—Gwadabe

Why Abuja Dollar Rate Differs from Lagos—Gwadabe

By Modupe Gbadeyanka President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Mr Aminu Gwadabe, has explained the reason behind difference in the exchange rate of Dollar to the Naira in Abuja and Lagos. As at the close of trading activities on the parallel foreign exchange market in Lagos, the Dollar was… Continue reading Why Abuja Dollar Rate Differs from Lagos—Gwadabe

Gwadabe Faults New CBN Forex Policy

By Dipo Olowookere President of the Association of Bureau De Change Operators of Nigeria (ABCON), Mr Aminu Gwadabe, has warned that the new foreign exchange policy introduced on Monday by the Central Bank of Nigeria (CBN) will worsen the crises of multiplicity of rates the country is still battling with. Mr Gwadabe made this known… Continue reading Gwadabe Faults New CBN Forex Policy

CBN Pledges Not to Devalue Naira

By Modupe Gbadeyanka Central Bank of Nigeria (CBN) has assured Bureau de Change (BDC) operators in the country it does not intend to devalue the Naira and will support it at current levels, especially with a recent rise in oil prices. President of Association of Bureau de Change Operators of Nigeria (ABCON), Mr Aminu Gwadabe,… Continue reading CBN Pledges Not to Devalue Naira

Travelex, FBN Begin Forex Sale in Abuja

By Modupe Gbadeyanka President of Association of Bureau De Change Operators of Nigeria (ABCON), Mr Aminu Gwadabe, has disclosed that a meeting brokered by the Central Bank of Nigeria (CBN) between Travelex and ABCON has led to the commencement of sale of Forex to Bureau De Change operators in the north. Mr Gwadabe, in an… Continue reading Travelex, FBN Begin Forex Sale in Abuja