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Bayelsa constructs new orientation camp for NYSC
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FG Urges Synergy, Information Sharing in Money Laundering, Terrorism Financing War – THISDAYLIVE
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FG Urges Synergy, Information Sharing in Money Laundering, Terrorism Financing War – THISDAYLIVE
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Enforcing Best Practices among BDCs
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BDCs set for market dominance, regulatory compliance
On
By Peter Egwuatu, Assistant Business Editor
The achievement of N1 trillion annual market turnover by Nigerian Bureaux De Change (BDCs) has reinforced their prime role in the economy.
Not relenting on its successes, the Association of Bureaux De Change Operators of Nigeria (ABCON) held a zoom general meeting where regulators and industry stakeholders lauded the strength of BDCs and their contributions to economic growth and exchange rate stability.
Issues around regulatory compliance was discussed with ABCON President, Alhaji (Dr) Aminu Gwadabe listing major steps taken by ABCON Management to ensure that all licensed BDCs comply with extant regulations, including regular rendition of regulatory returns.