The Association of Bureaux De Change Operators of Nigeria (ABCON) has said that it is committed to deepening professionalism in order to engender foreign investors’ confidence in the Nigerian foreign exchange market.
The ABCON President, Alhaji Aminu Gwadabe noted that BDC operators should distinct themselves from parallel market operators by rendering efficient services and complying with all regulatory requirements.
He said most of the pressure on the naira is due to problems of liquidity and confidence on the part of foreign investors.
“ABCON is committed to boosting foreign investors’ confidence in the Nigerian market, as this will help attract the much needed liquidity into the market and reduce pressure on the naira exchange rate”, he said.
He said: “We are the ones licensed to operate the business but we must prove this by distinguishing ourselves through the way we serve our customers