Tinubunomics Fails as Naira Weakens Despite $4.60 Billion Dollar Supply Surge
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Source: naija247news.com
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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…
Source: dailytrust.com
Forex Crisis: CBN Gives BDCs June 3 Deadline To Get New Licences
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
Source: leadership.ng
CBN directs all BDCs to reapply for licenses
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.
Source: premiumtimesng.com