Draft Operational Guidelines News Today

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…

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

(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

The CBN has updated its regulatory guidelines for Bureau De Change operator in Nigeria. After consulting with stakeholders, the following changes were made:

CBN has issued regulatory guidelines for bureau de change operations in Nigeria after consultation with stakeholders.

CBN Issues Approved Guidelines For BDCs, Operators Get December Deadline To Reapply

In celebration of the 2023 International Data Protection Day, it is pertinent to reflect on the developments which occurred in the Nigerian data protection landscape in 2022, while also...