BDCs raise alarm over speculative activities impact on Naira depreciation

BDCs raise alarm over speculative activities impact on Naira depreciation


The Association of Bureaux De Change Operators of Nigeria (ABCON) has sent strong warning to foreign exchange speculators pushing the naira to forceful depreciation through their illegal activities. Speaking to financial journalists on market development, Aminu Gwadabe, president of ABCON said forex speculators are taking huge risks with their funds, as the Central Bank of…

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