We’ll source for forex independently, say BDCs - Punch Newspapers
The Association of Bureaux De Change Operators of Nigeria has assured members of the public that Bureaux De Change operators are still providing foreign exchange services.
The President, ABCON, Aminu Gwadabe, said this in a statement on Thursday, adding that the recent pronouncement of the CBN did not stop BDCs from providing forex services as allowed by their operating licences. “BDCs are licensed to provide retail FX services, including buying from the public and also selling to end-users for allowable transactions, namely personal travel allowance, business travel allowance, payment of medical and school fees,” Gwadabe said.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Banks’ CEOs summon emergency meeting over BDCs’ forex ban - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
CBN to refund capital deposit, licensing fees to BDCsThe CBN also directed banks to set up teller points to meet legitimate forex requests.......................................
Read more »
BDCs: Banks can’t be trusted, will hoard dollars, says Mailafia - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
The Economic Implication of BDC Ban - By: .OPINION: The recurrent unavailability of forex at banks unarguably worsened the situation. In averting the pitfalls of 2016 which drove many people to the black market, can commercial banks meet the surging demands for dollars?
Read more »
Banks’ CEOs summon emergency meeting over BDCs’ forex ban - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
BDCs: Banks can’t be trusted, will hoard dollars, says Mailafia - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »