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ABCON proposes 40 weeks recapitalisation timetable for BDCs

Published by National Mirror on Fri, 25 Jul 2014


Association of Bureaux De Change Operators of Nigeria, ABCON, has proposed a 40 week time table for bureaux de change operators to meet the N35 million new minimum capital requirements. On June 23, the Central Bank of Nigeria, CBN, among other things raised the minimum capital requirement of BDCs to N35 million from N10. It []
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