The Association of Bureaux De Change Operators of Nigeria , yesterday advised the Central Bank of Nigeria not to bow to the pressure to devalue the naira.
“So we are not in support of any attempt to devalue the naira further than N360/$, because as far as BDCs are concerned the exchange rate is N360 to a dollar. “So if unification is for everybody in the market to be buying at N360, fine and good the BDC already have in that kind of rate happening in the market.
Gwadabe said ABCON would ensure it gives its cooperation to the CBN and the government in general so as to checkmate any volatility in the forex market.
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