{"id":97826,"date":"2023-10-16T21:03:24","date_gmt":"2023-10-16T20:03:24","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/forex-crisis-its-untrue-abcon-denies-directive-to-member-against-buying-dollar-above-n900"},"modified":"2023-10-16T23:38:09","modified_gmt":"2023-10-16T22:38:09","slug":"forex-crisis-its-untrue-abcon-denies-directive-to-member-against-buying-dollar-above-n900","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-crisis-its-untrue-abcon-denies-directive-to-member-against-buying-dollar-above-n900","title":{"rendered":"Forex crisis: \u2018It\u2019s untrue\u2019 \u2013 ABCON denies directive to member against buying dollar above N900"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Association of Bureau de Change Operators (ABCON) says it did not direct members against buying US Dollars above N900 amid foreign exchange crisis.<\/p>\n

A reliable source at ABCON who preferred anonymity disclosed this to DAILY POST on Monday, debunking a report of alleged price fixing at the parallel market.<\/p>\n

It was reported that the association announced plan to crash the price of dollar to N1000\/$1.<\/p>\n

However, ABCON said it never directed members against buying dollar above N900.<\/p>\n

\u201cWe did not issue any directive to our members not to buy dollars at a price above N900. It is a willing buyer\/willing seller model. We can\u2019t determine the price. It is the Central Bank of Nigeria\u2019s responsibility to do that.<\/p>\n

\u201cMaybe forex traders at Zone 4 Abuja decided to go that way, but it is not from us. However, we support anything good for the country\u201d, he stated.<\/p>\n

Last week, CBN lifted forex restrictions on rice, cement including 41 items.<\/p>\n

The apex bank said the decision would help reduce the demand for forex in the parallel market.<\/p>\n

However, the exchange rate has remained unchanged at the parallel market, exchanging at 1030\/$1.<\/p>\n

In contrast, the country\u2019s currency is exchanged at 778\/$1 at the official market on Friday.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Association of Bureau de Change Operators (ABCON) says it did not direct members against buying US Dollars above N900 amid foreign exchange crisis. A reliable source at ABCON who preferred anonymity disclosed this to DAILY POST on Monday, debunking a report of alleged price fixing at the parallel market. It was […]<\/p>\n","protected":false},"author":84,"featured_media":97825,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[11527,1570,2140,1621,420,254],"class_list":["post-97826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-abcon","tag-africa-press","tag-africa-press-nigeria-2","tag-dollar","tag-forex","tag-nigeria"],"yoast_head":"\nForex crisis: \u2018It\u2019s untrue\u2019 \u2013 ABCON denies directive to member against buying dollar above N900 - Nigeria<\/title>\n<meta name=\"description\" content=\"The Association of Bureau de Change Operators (ABCON) says it did not direct members against buying US Dollars above N90 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-crisis-its-untrue-abcon-denies-directive-to-member-against-buying-dollar-above-n900\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex crisis: \u2018It\u2019s untrue\u2019 \u2013 ABCON denies directive to member against buying dollar above N900\" \/>\n<meta property=\"og:description\" content=\"The Association of Bureau de Change Operators (ABCON) says it did not direct members against buying US Dollars above N90 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-crisis-its-untrue-abcon-denies-directive-to-member-against-buying-dollar-above-n900\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-16T20:03:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-16T22:38:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1697479371.7758.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-crisis-its-untrue-abcon-denies-directive-to-member-against-buying-dollar-above-n900#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-crisis-its-untrue-abcon-denies-directive-to-member-against-buying-dollar-above-n900\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Forex crisis: \u2018It\u2019s untrue\u2019 \u2013 ABCON denies directive to member against buying dollar above N900\",\"datePublished\":\"2023-10-16T20:03:24+00:00\",\"dateModified\":\"2023-10-16T22:38:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-crisis-its-untrue-abcon-denies-directive-to-member-against-buying-dollar-above-n900\"},\"wordCount\":232,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-crisis-its-untrue-abcon-denies-directive-to-member-against-buying-dollar-above-n900#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1697479371.7758.jpg\",\"keywords\":[\"ABCON\",\"Africa Press\",\"Africa Press-Nigeria\",\"Dollar\",\"FOREX\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-crisis-its-untrue-abcon-denies-directive-to-member-against-buying-dollar-above-n900#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-crisis-its-untrue-abcon-denies-directive-to-member-against-buying-dollar-above-n900\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-crisis-its-untrue-abcon-denies-directive-to-member-against-buying-dollar-above-n900\",\"name\":\"Forex crisis: \u2018It\u2019s untrue\u2019 \u2013 ABCON denies directive to member against buying dollar above N900 - 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