Association of Bureaux De Change Operators of Nigeria (ABCON) has expressed its support for the Central Bank of Nigeria’s (CBN) recent directive that prohibits the use of Non-Export Domiciliary Account Collateral for securing naira loans.
Association of Bureaux De Change Operators of Nigeria has expressed its support for the Central Bank of Nigeria’s recent directive that prohibits the use of Non-Export Domiciliary Account Collateral for securing naira loans.Association of Bureaux De Change Operators of Nigeria has expressed its support for the Central Bank of Nigeria’s recent directive that prohibits the use of Non-Export Domiciliary Account Collateral for securing naira loans.
Gwadabe highlighted the directive’s potential to mitigate the undue pressure exerted on the foreign exchange market by large businesses and manufacturers. Highlighting the role of Bureaux De Change in the market, Gwadabe argued that despite misconceptions about their operations, BDCs serve as an effective market control mechanism.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
Managing Director of Mubdhab Homes Limited, Dr Abubakar Salami, has advised parents of children, who have abused drugs not to give up on them, as they can still be rehabilitated and become successful.
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