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May 23, 2024
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…
May 23, 2024
A new minimum capital for BDCs had been announced in the revised Regulatory and Supervisory Guidelines for BDC Operations in Nigeria, in February this year. A
May 23, 2024
It also directed that BDCs meet the minimum capital requirements for the license category applied for within six months from the effective date of the guidelines.
May 23, 2024
A new minimum capital for BDCs had been announced in the revised Regulatory and Supervisory Guidelines for BDC Operations in Nigeria, in February this year. A
May 23, 2024
On May 22, the Central Bank of Nigeria (CBN) announced approved guidelines for bureau de change (BDCs) operations.
May 23, 2024
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
May 23, 2024
(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
May 22, 2024
The Central Bank of Nigeria (CBN) has directed all Bureau de Change operators (BDCs) in the country to reapply for new operational licences by June 3, 2024 in