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ABSCON seeks higher transaction margin for BDC
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ABSCON seeks higher transaction margin for BDC

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The Association of Bureaux de Change Operators of Nigeria (ABCON) wants higher transaction margins for Bureaux De Change (BDCs) as being practiced in other parts of the world.

Speaking during the ABCON Live Run Automation Project launch in Lagos, ABCON President, Aminu Gwadabe, said 10 per cent transaction margin is the common practice across the world, but Nigeria BDCs only get about one per cent.

He said the automation of BDCs’ operations is a good step needed to get the regulators consider raising the transaction margin for Nigerian BDCs.

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