The Association of Bureaux de Change Operators of Nigeria has said that its annual turnover is now N1tn.

The Association of Bureaux de Change Operators of Nigeria has said that its annual turnover is now N1tn.

The President, ABCON, Alh. Aminu Gwadabe, said this during a virtual event with the theme ‘BDCs’ operations: A trillion-naira sub sector, issues of formalisation, regulations and way forward’ organised by ABCON to beam light on key opportunities and challenges faced by the BDCs sub-sector.

It also aimed to reiterate the key roles and position of the BDC subsector in the Nigerian economy as well as highlight constraints and challenges faced by the BDC operators.

The event was attended by delegates from the Central Bank of Nigeria, Nigerian Financial Intelligence Unit, Nigeria Inter-Bank Settlement System Plc and other stakeholders in the economy.

He also disclosed that ABCON was working with its consultants to revamp the naijabdcs.com to MyBdc.com, to enable the site to have transaction capacity and nip abokifx.com in the bud.