“For us, we don’t think of any devaluation. Yes, the unification of the various exchanges is germane, but any discussion on devaluation at a critical level of the economy should be completely discouraged.' Forex Nigeria
In line with its mantra to provide professional services for foreign exchange transactions across the country, the Association of Bureaux de Change Operators of Nigeria , is collaborating with the Central Bank of Nigeria , and other relevant agencies to enhance members’ efficiency through capacity building for an effective foreign exchange market.
At a sensitisation workshop on compliance for its members, President, ABCON, Dr. Aminu Gwadabe, said the Association has consistently advised operators to put in place and implement a system of internal policies, procedures and controls, including Know Your Customer, Customer Due Diligence and reporting of all suspicious transactions to regulators.
According to him, ABCON has over the years, established itself as a key player in the foreign exchange market, and made several commitments and sacrifices to ensure that the sector continues to thrive, in line with global best practices.
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