x“ABCON suggests to the CBN to make the BDCs Diaspora remittances pay agents. “Therefore, ABCON suggests that the CBN allows investors and Diaspora remittance senders to freely interact with the BDCs’ bid and offer rates and make the BDCs pay out agents for remittances,” he said. “We are happy to announce that the licenced BDCS sub-sector is commanding one trillion naira annual turnover in the economy. ”The CBN window is for the purposes of funding Business Travel Allowance, Personal Travel Allowance, school fees payment abroad, medicals, mortgage and subscriptions. The Director, Trade and Exchange, CBN, represented by Mr Williams Kanya, commended the association for its professionalism over the years.

Source: The Guardian April 14, 2021 19:41 UTC