Stay updated with breaking news from Draft Operational Guidelines. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.