Index to Nigerian Newspapers

The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to remove controls that make it difficult for BDCs to compete for the $20 billion annual forex inflows through diaspora remittances. It also lamented Nigeria's rising import bill and called on the Federal Government to deploy measures to tackle the challenge. The official exchange rate at the Investors and Exporters (I&E) window depreciated by 6.03% to close the year at N435/$1, while a 22.8% depreciation was recorded at the parallel market to close at N565/$1. Inflation-linked devaluations are damaging and government should allow economic reasoning to outplay political tendencies.

The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to remove controls that make it difficult for BDCs to compete for the $20 billion annual forex inflows through diaspora remittances. It also lamented Nigeria's rising import bill and called on the Federal Government to deploy measures to tackle the challenge. The official exchange rate at the Investors and Exporters (I&E) window depreciated by 6.03% to close the year at N435/$1, while a 22.8% depreciation was recorded at the parallel market to close at N565/$1. Inflation-linked devaluations are damaging and government should allow economic reasoning to outplay political tendencies.