ABCON hails CBN’s sale of interbank FX to eligible BDCs

“To our members, it will revitalise our operations, making us functional and profitable, the President of ABCON, Dr Aminu Gwadabe said while commending CBN in a statement on Friday in Lagos. The apex bank lifted the ban in a circular on Thursday to meet expected seasonal demand for foreign exchange. CBN opened a temporary window from Dec. 19 to Jan. 30, 2025, for all existing BDCs to purchase FX from authorised dealers, subject to a weekly cap of $25,000.