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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…
Haruna Mustafa Regulation Department Bureau De Change Operators Central Bank Supervisory Guidelines For Bureau De Change Operations Bureau De Change

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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
Haruna Mustafa Bola Tinubu Olayemi Cardoso Central Bank Supervisory Guidelines For Bureau De Change Operations Bureau De Change

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