The Association of Bureau De Change Operators of Nigeria (ABCON) has praised its members for the effective implementation of the Central Bank of Nigeria CBN) forex policy on the sales of interbank/EFEM proceeds to BDCs which has seen the naira strengthen between N1540/$1 and N1545/$1.
The association also noted that the gradual implementation of the policy by the banks has contributed greatly to a significant appreciation of the naira as of Friday, February 14, 2025.
This disclosure is contained in a statement issued by the ABCON President, Aminu Gwadebe, who congratulated the CBN, the Federal Government and Nigerians for the recent positive performance of the naira.