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Anti-Graft Agency, EFCC Arrests Five Illegal Bureau de Change Operators Inside Borno Hajj Camp

Anti-Graft Agency, EFCC Arrests Five Illegal Bureau de Change Operators Inside Borno Hajj Camp
saharareporters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saharareporters.com Daily Mail and Mail on Sunday newspapers.

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CBN asks BDC operators to apply for new licences

The Central Bank of Nigeria (CBN) has directed all existing Bureau De Change Operators to re-apply for licences. The apex bank gave the directive in a circular issued by its Director of Financial Policy and Regulation Department, Haruna Mustafa, on Wednesday. The BDCs were also required to meet the capital…

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CBN issues new BDC operation guidelines effetive June 3

CBN has issued new regulatory guidelines for Bureau De Change (BDC) operators and promoters. Effective June 3, 2024. Existing BDCs must reapply for new licenses within six months. Applications

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CBN orders BDCs to reapply for licence, get new minimum capital base

CBN orders BDCs to reapply for licence, get new minimum capital base
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CBN Issues Approved Guidelines For BDCs, Operators Get December Deadline To Reapply

(AFRICAN EXAMINER) - The Central Bank of Nigeria (CBN) has issued its approved guidelines to regulate the activities of Bureau de Change (BDC) operators in the country. In its new circular released on Wednesday, the minimum capital base for Tier-1 BDCs is N2bn while that of Tier-1 is set at N500m. Also, the mandatory caution

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