ABCON warns CBN reforms could threaten retail FX market

The Association of Bureaux De Change Operators of Nigeria warned that recent Central Bank of Nigeria reforms threaten the retail foreign exchange market, according to Punch. The Nigerian Tribune reported ABCON President Dr Aminu Gwadabe said the reforms could create a distribution gap and risk losing a critical retail FX channel. Legit.ng noted the operators said the changes could disrupt retail FX distribution and limit access for travellers.

What we know

• The Association of Bureaux De Change Operators of Nigeria (ABCON) issued a warning about CBN reforms
• ABCON President Dr Aminu Gwadabe said reforms could create a distribution gap
• The warning says Nigeria risks losing a critical retail foreign exchange distribution channel
• Operators say reforms could disrupt retail FX distribution and limit traveller access

Sources

1. BDC operators warn of threat to retail FX market – Punch, 10 Nov 2026
2. Nigeria risks losing retail FX channel, BDC operators warn – Nigerian Tribune, 20 h ago
3. Find out more as CBN gets fresh demands from Bureau De Change operators – Legit.ng, 16 h ago

Updates

• 10 Nov, 12:16 WAT – Summary updated with new reporting
• 10 Nov, 12:14 WAT – Now also reported by Legit.ng
• 10 Nov, 09:13 WAT – Story published - 2 outlets

This page groups reports from the outlets above; headlines belong to their publishers. Summary written by our automated desk from multiple reports. How we work.

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