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
The CBN has updated its regulatory guidelines for Bureau De Change operator in Nigeria. After consulting with stakeholders, the following changes were made:
BREAKING: Nigeria s Central Bank Directs All Bureau De Change Operators To Apply For New Licences 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.
The CBN disclosed that the sum of $20,000 would be sold to each BDC at the rate of N1,301/S which represents the lower band rate of executed spot transactions at the NAFEM for the previous trading day, as of February 27, 2024.