The Association of Bureau De Change Operators of Nigeria says the naira redesign policy of the Central Bank of Nigeria…
Browsing: Aminu Gwadabe
The ABCON President, Aminu Gwadabe, spoke on the development in a statement on Thursday in Lagos.
Alhaji Aminu Gwadabe, President, ABCON, made the assertion in an interview with the News Agency of Nigeria in Lagos against the backdrop of the recent Central Bank of Nigeria Naira for dollar policy issued on March 5.
Alhaji Aminu Gwadabe, President, ABCON, gave the assurance on Monday while speaking to the News Agency of Nigeria in Lagos.
Alhaji Aminu Gwadabe, President of ABCON, told newsmen on the sidelines of a one-day sensitisation workshop in Lagos that the association was ready to deepen its collaboration with the Central Bank of Nigeria to sustain exchange rate stability
The Association of Bureau De Change Operators of Nigeria on Saturday commended the Central Bank of Nigeria on its efforts at ensuring the stability of the naira.
Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria on Friday commended the Economic and Financial Crimes Commission for its sensitisation campaign against fake dollar notes.
Financial experts on Wednesday described as futuristic and pragmatic the decision of the Central Bank of Nigeria to retain the lending rate at 14 per cent alongside other monetary policy parameters.
Alhaji Aminu Gwadabe, President, ABCON, told the News Agency of Nigeria on Sunday in Lagos that the difficulty would arise because the business of BDCs was largely driven by trust and personality of operators.
Gwadabe told the News Agency of Nigeria in Lagos on Tuesday that the three years of the present administration, though challenging, saw frantic efforts at rescuing the naira from speculators.
Gwadabe told the News Agency of Nigeria on Sunday in Lagos that the propensity to hoard dollars now, to be spent during political campaigns, was not new to the nation’s political history.
Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria, said that the outlook of the Naira remained positive
Meanwhile, Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria, said that BDCs were working hard to close the gap between the official and the parallel market rates
This was in spite of the Central Bank of Nigeria’s intervention at both the interbank market and Bureau De Change window
Meanwhile, Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria, said the additional injection of $10,000 by the CBN to BDCs would help to checkmate speculation
As the Naira continues to appreciate, experts say it is necessary for the CBN to adjust applicable rates in different segments of the market in the overall interest of the economy
Traders at the market said liquidity boost at the interbank market by the CBN was fast forcing the rate down at the market
The CBN injected over $500 million into the market to boost liquidity
Meanwhile, Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria, said currency speculators were expected to lose billions of Naira to the new forex policy
Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria, said the increase in the nation’s external reserves and the global fall in the dollar contributed in the Naira stability