aminu gwadabe

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    Business Forex: Speculators to lose N100bn as CBN sustains funding for BDCs – New Telegraph
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    Business CBN’s $450m inflow to BDCs stabilise naira – The Nation News
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    Business Amid forex scarcity dollar sells for N445 – Premium Times Nigeria News
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    Business ABCON seeks Voluntary Offshore Asset Repatriation Window – The Nation News
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    Business Forex Racketeering: CBN Fines Banks, BDCs Hundreds Of Millions For Infraction – The Nation Nigeria News
  6. Kayode Falayi

    Politics Gwadabe fears foreign investors will dump equities ahead of 2019 elections - Business Day

    Some Nigerians are raising concern that foreign investors who invested billions of dollars in the equities market are likely to exit the market ahead of the 2019 elections said yesterday. Aminu Gwadabe, President, Association of Bureaux De Change Operators of Nigeria (ABCON), who spoke to...
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    Business BDC Operators Lament As Nara/Dollar Rates Converge At FX Markets

    Nigeria's Bureaux de change (BDCs) operators have lamented that convergence of parallel and black market rates thereby calling on the Central Bank of Nigeria, (CBN) to review the rate band for BDCs. Aminu Gwadabe, president, Association of Bureaux De Change Operators of Nigeria (ABCON) said the...
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    Business Naira Rate: Bureau De Change Operators Kick, Reject CBN FX Policy

    Bureau de Change (BDCs) operators in Nigeria are kicking over Central Bank of Nigeria's adjustment in forex policy. The CBN on Monday adjusted by reviewing the naira-dollar rate for travelers, students and Medical fees from 376 to 360 and ordered to start honoring the new rate with immediate...
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    Business Naira Gains Against 3 Major Currencies As Buhari Returns

    The forex market on Friday reacted to the news of President Muhamadu Buhari's return from medical trip in the United Kingdom by appreciating against the three major currencies at the parallel market. NAN reported that the Naira traded at N455 to a dollar amid liquidity boost in the Bureau de...
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    Business Nigeria's BDC Operators Set Naira At 399 Per Dollar Before CBN Meeting

    Nigeria's bureau de change operators set their first ever reference exchange rate for the naira at 399 to the dollar on Tuesday, in a bid to help reduce the gap with the official interbank rate. The government has been pressing retail operators to narrow what it says is a damaging gulf between...
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    Business CBN Meets BDC Operators To Eliminate Multiplicity of Naira Rates

    The Central Bank of Nigeria (CBN)’s officials will meet bureau de change(BDC) operators today to try to find ways to eliminate the gap between the official and black market dollar rates, the association president told Reuters. The president of the Association of Bureau de Change of Nigeria...
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    Business Naira - Dollar Crisis: BDC Operators React To Elimination of Parallel Market

    The President of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has hailed the newly proposed abolition of the parallel market. “The scrapping of multiple markets outside the purview of the CBN will be a welcome development. “The existence of multiple rates is highly...
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    Business Naira To Appreciate Next Week As Dollar Supply Increase

    The Nigerian naira set to revive its losses as traders anticipate improved dollar supply from international money transfer agencies to ease a shortage, which has pushed down the local currency. The naira fell to N470 to the dollar on the parallel market yesterday from N455 a dollar last week...
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    Business Naira Strengthens to N468 Against US Dollar

    The Naira on Tuesday continued to gain strength against the dollar at the parallel market, first consecutive gains in over two months. At the official inter-bank market, the Naira remain steady at N304.75 from N306.71 posted on Friday. It firmed against the dollar and British pound at the...
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    Business Why Naira Keeps Falling At The Parallel Market - Trader

    The Naira hit record low of N445 on Monday, the weakest dropped ever since the Central Bank of Nigeria removed peg on the country's currency. Traders believed that the reason for the drop was due to “speculators and strong demand from parents buying dollars to pay school fees abroad”, Reuters...
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    Business Naira: How New Interbank Market Influenced Parallel Market Rate - BDC President

    The Naira on Monday depreciated marginally against the dollar, exchanging at N346/$, the President of the Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, has stated. This follows the launch of the interbank market by the Central Bank of Nigeria, CBN on Monday...