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Business How to crash spike in exchange rate — ABCON Chief – Vanguard News
https://www.vanguardngr.com/2020/07/how-to-crash-spike-in-exchange-rate-abcon-chief/- Chinedu Iroka
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Business BDC: 7 Recipes For A Stronger, Stable Naira in 2018
The Association of Bureaux De Change Operators of Nigeria on Wednesday listed recipes for a stronger naira and a more stable exchange rate in 2018. Alhaji Aminu Gwadabe, President of ABCON, said the recipes were agreed at a meeting of the operators in Lagos. Gwadabe urged the CBN to ensure the...- ProfRem
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Business Nigeria: Bureau De Change Operators Lose N130m As Naira Gains
Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria (ABCON), has said that CBN-licensed BDCs incurred regulatory losses of 130 million naira this week. Gwadabe disclosed on Friday in Lagos that the losses were coming from the CBN’s disparity in applicable...- ProfRem
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Business Naira Crashes Against 3 Major Currencies At Parallel Market
Nigerian Naira on Friday depreciated further against three major currencies - Dollar, Euro and Pound at the parallel market as speculation, hoarding and increasing zero confidence of foreign investors among spike in the foreign exchange rate. The currency weakened to N484 per dollar from N482...- ProfRem
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Business Nigeria: Why Naira Will Continue To Fall – Bureau De Change Chief
The President, Association of Bureau De Change Operators of Nigeria , Alhaji Aminu Gwadabe, has identified speculation, hoarding and increasing zero confidence of foreign investors among others as the reason for the continued spike in the exchange rate. The ABCON chief also said that the...- ProfRem
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Business Naira Depreciates 1.42% to 308 At Interbank Market
The Nigerian Naira on Monday depreciated by 1.42% against United States Dollar to close at N308.81 in inter-bank foreign exchange market. The currency closed N304.70 at the end of trading on Friday. At the Bureau De Change Segment of the market, the naira closed at N385 CBN controlled rate...- ProfRem
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Business Naira Appreciates 0.16% to 304 At Interbank Market
The Naira on Friday appreciated 0.16 per cent against the dollar at the official interbank market. The currency gained 50k to exchange at N304.50, from N305 posted on Thursday. At the Bureau De Change Segment of the market, the naira closed at N385 CBN controlled rate, while the Pound Sterling...- ProfRem
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Business Naira on Recovery Path As Travelex, Firstbank Begin Sales in Abuja, Kano, Port Harcourt
Liquidity challenges in Abuja and environs will ease further as Travelex and First Bank of Nigeria Plc begin the sale of Forex to Bureau De Change operators in the North. Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria, disclosed this to NAN in an...- ProfRem
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- abuja news alhaji aminu gwadabe bureau de change operators cbn first bank of nigeria naira to dollar rate nigeria news travelex
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Business Black Market Sellers To Parley CBN on New Forex Policy
The President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, says the association is ready to partner the Central Bank of Nigeria to sensitise its members on the newly-introduced flexible foreign exchange policy. The President, Association of Bureau De Change...- ProfRem
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