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The Association of Bureaux De Change of Nigeria (ABCON) has said the Bureaux De Change (BDCs) are at the centre of Central Bank of Nigeria (CBN’s) exchange rate policies, ABCON has said.
The ABCON President, Aminu Gwadabe, who disclosed this at a media briefing in Lagos, also said the apex bank has maintained the suspension of forex sales to the BDCs does not lead to revocation of licenses as the operators are still under the purview of CBN regulations.
According to him because of the importance of the BDCs which are small retail forex institutions, the CBN and the public should continuously support them to achieve exchange rate stability.
