NO fewer than 30,000 bureaux de change (BDC) workers would be sacked within the first quarter of this year. About 200,000 workers are engaged in the sector.
The President, Association of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, who made this known yesterday, said the planned downsizing followed the.....
continued loss of business by operators after the Central Bank of Nigeria’s (CBN) stoppage of weekly dollar sales to body.
The ABCON boss listed those to be affected as directors, auditors, operations managers and compliance officers, as well as chief executives.
The CBN Governor, Godwin Emefiele had announced a new foreign exchange policy which included the stoppage of weekly dollar sales to BDCs. He ordered the apex bank to henceforth discontinue sales of foreign exchange to BDCs.
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