ABCON Chief Urges FG to Guard against ‘Hot Money’

Posted by - March 29, 2018

Ahead of the 2019 elections, the President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has predicted increased ‘hot money’ in the fixed income securities market. This, according to him might lead to a depreciation of the nation’s currency as dollar demand rises. Hot money” refers to funds that are controlled