1,500 Bureau De Change To Shut As Recapitalisation Deadline Elapses

1,500 Bureau De Change To Shut As Recapitalisation Deadline Elapses

About 1,500 Bureau De Change (BDC) operators may have to shut down operations across Nigeria as the Central Bank of Nigeria’s (CBN) recapitalisation deadline elapsed on Tuesday, June 3, 2025. This has sparked fears of job losses in the sector and potential underground market activity. President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe told LEADERSHIP that over 95 per cent of licensed operators failed to …

Recapitalisation Crunch: ABCON Seeks Lifeline as Less Than 10% of BDCs Meet New CBN Deadline

With the extended recapitalisation deadline for Bureau De Change (BDC) operators set to lapse today, the Association of Bureau De Change Operators of Nigeria (ABCON) has raised the red flag once more — appealing to the Central Bank of Nigeria (CBN) for additional breathing room and a reconsideration of stringent licensing thresholds. Speaking in Lagos, …

CBN’s BDC recapitalization deadline expires today as operators seek urgent extension to save 3 million jobs

The Central Bank of Nigeria (CBN) recapitalization deadline for Bureau De Change (BDC) operators officially expired today, prompting renewed appeals from industry stakeholders for an extension to safeguard three million jobs and ensure compliance with new financial requirements.  The post CBN’s BDC recapitalization deadline expires today as operators seek urgent extension to save 3 million jobs  appeared first on Nairametrics.

Bureau De Change Operators want extension of recapitalisation deadline

ABCON President, Dr Aminu Gwadabe Bureau De Change Operators (BDCs) on Monday appealed to the Central Bank of Nigeria (CBN) to further extend the recapitalisation deadline and review license requirements for  to save jobs. The BDCs, under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON), made the appeal in an interview with the News Agency of Nigeria (NAN) in Lagos. ABCON President, Dr Aminu Gwadabe, told NAN that a …