Nigeria, June 25 -- The owners of the Nigerian Bureau de Change (BDC) shared a shocking revelation with the world: more than 90 percent of dollar liquidity in Nigeria is already in the system, where nobody will be willing to go.

"The untapped resource can be a strategic reserve," ABCON President Aminu Gwadebe views if only the Central Bank of Nigeria would collaborate with the BDCs.

Since the CBN consolidated the fragmented FX windows in June 2023, it has labored to stabilize and give visibility to the forex market. This notwithstanding, however, most policymaking is for naught, other than to take advantage of their idle dollar buffers and technical expertise, according to BDC operators.

Gwadebe calls on the CBN tomainstream BDCs, incl...