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Tinubunomics Fails as Naira Weakens Despite $4.60 Billion Dollar Supply Surge

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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… ....

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CBN Mandates All BDCs to Reapply for Licences and Meet New Requirements by June 3

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CBN directs BDC operators to apply for new licences

CBN directs BDC operators to apply for new licences
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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. ....

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