Uncategories Value of Naira to Improve Next Week...See Interesting Details

Thursday, 22 September 2016



Value of Naira to Improve Next Week...See Interesting Details

September 22, 2016

The value of the naira is expected to improve against the dollar in the coming days following a latest development in the Nigerian economy. 



The Association of Bureau De Change Operators of Nigeria says the expected recovery is due to the introduction of Travelex, a licensed Forex dealer.
 
The President of ABCON, Alhaji Aminu Gwadabe, said Travelex would enhance transparency in the distribution network.

Travelex, an international money transfer organisation, was officially directed by CBN to distribute Forex to Bureaux De Change operators by Monday. Gwadabe said that Forex distribution would be efficient and uniform across ABCON members, unlike what was obtainable in the past.

He said, “Against this background, the naira is expected to be on a recovery path from Monday as the distribution of Forex to BDCs will boost liquidity in the market. The boosting of liquidity in the market will dampen the fears of investors and market speculators, thereby raising their confidence in the market.

This is a purely ABCON and Travelex arrangement, and has the capacity of removing the bottlenecks in the Forex distribution chain. Travelex has the technology to pay about 1,000 BDCs within two hours. The new arrangement also eliminates relating with bank account officers."Visit some of the website built by tonygists 1. south south penpushers : http://www.sspenpushers.com 2. kingdom builders : http://www.kingdombuilderslovelifeministries.com Tonygists bro: http://www.honestzone.com

Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist

Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world

Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists

Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists

Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose

Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions

Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest

Are You On Twitter? Follow Us Now For Latest Updates - @tonygists

Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists

Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists


© 2025 Tonygists | Portions are © 2025 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.
Tony Odijie

Share This Post Via

Related Posts

Next
« Prev Post
Previous
Next Post »

Subscribe to: Post Comments (Atom)

Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
 


 
Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.
 
for more information click RELIANCE TRAINING AND MANAGEMENT CONSULTING

Ads