Finance
CBN confirms 82 BDCs fully licensed under revised guidelines
Central bank of Nigeria said it has granted final operating licenses to 82 Bureaux De Change (BDCs) to operate with effect from November 27,
2025.
The apex in a statement signed by Ag. Director Corporate Communication, Hakama Sidi Ali said the CBN gave the approval to the BDCs in exercise of its powers conferred under the Bank and Other Financial Institutions Act (BOFIA) 2020, and the Regulatory and Supervisory Guidelines for Bureaux De Change Operations in Nigeria 2024 (the Guidelines).
“ By this notice, only Bureaux De Change listed on the Bank’s website are authorised to operate from the effective date. While the CBN will continue to update the list of Bureaux De Change with valid operating licences for public verification on our website (www.cbn.gov.ng), the Bank advises the
general public to avoid dealing with unlicensed Foreign Exchange Operators.
“For the avoidance of doubt, operating a Bureau De Change business without a valid licence is a punishable offence under Section 57(1) of the Banks and Other Financial Institutions Act (BOFIA) 2020. Members of the public are hereby advised to note and be guided accordingly”.
-
News16 hours agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Maritime16 hours agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Economy16 hours agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Finance16 hours agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Business16 hours agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Agriculture15 hours agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
Oil and Gas15 hours agoDangote refinery backs gantry loading, cautions against costly coastal evacuation
-
News15 hours agoRaham Bello, others launch N20bn endowment fund for alma mater