ABCON advocates measures to curb naira depreciation

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Naira devaluation increases Nigeria’s debt profile ― Alaje

By Babajide Komolafe

To address the continued depreciation of the naira in the parallel market, the Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN)    to restructure the BDC sub-sector.

It also asked the CBN to    resume    dollar sales to the public through BDCs especially in view of the    failure of the    intervention through Deposit Money Banks to bridge the gap between the official and parallel market exchange rate.  

READ ALSOCBN directs banks to apply I & E rates for PAPSS transactions

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