US EditionNigeria: CBN Reduces Number of Licensed BDCS to 82 Under Revised Guidelines
CBN reduced licensed Bureaux De Change from about 5,690 to 82 after revoking over 4,000 licenses for regulatory non-compliance, effective Nov 27, 2025.
- On Dec 8, 2025 the Central Bank of Nigeria granted Final Licences to 82 Bureaux De Change to operate from November 27, 2025, a statement in Abuja by Mrs Hakama Sidi-Ali, CBN Acting Director, Corporate Communications said.
- Following mass revocations, the sector contracted to around 1,517 licensed Bureaux De Change after the CBN revoked over 4,000 licences in 2024 from about 5,690 BDCs.
- Only BDCs shown on the CBN website are authorised to operate from November 27, 2025, and the CBN will update the authorised list on www.cbn.gov.ng for public verification.
- The CBN warned that operating without a licence is an offence under Section 57 of BOFIA 2020 and advised the public to avoid unlicensed foreign exchange operators.
- According to the CBN, the exercise enforces the 2024 Regulatory and Supervisory Guidelines for BDC Operations in Nigeria using powers under BOFIA 2020, Mrs Hakama Sidi-Ali said Monday.
16 Articles
16 Articles
CBN Lists, Confirms 82 BDCs As Fully Licensed Under Revised Guidelines, Bans Others From Operations
The Central Bank of Nigeria (CBN), has listed and confirmed 82 Bureau De Changes (BDCs) as fully licensed under its revised guidelines. Further, the apex bank banned other BDCs not included, saying “only Bureaux De Change listed on the Bank’s website are authorised to operate from the effective date.” In a statement to this […]
CBN Issues Final Licences to 82 BDCs, Warns Nigerians Against Illegal FX Dealers - TV360 Nigeria
Apex bank enforces new regulatory framework as unlicensed operators face prosecution under BOFIA 2020. The Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureaux De Change (BDCs) in line with its revised regulatory framework, while cautioning Nigerians to steer clear of unlicensed foreign exchange dealers. The approval was disclosed on Monday in a statement signed by the Acting Director of Corporate Communications, Haka…
CBN Approves 82 BDCs, Urges Customers to Verify
The Central Bank of Nigeria (CBN) has granted final operating licenses to 82 Bureaux De Change, bolstering its oversight of the retail foreign exchange market and boosting trust in regulated FX transactions nationwide. The list features two newly approved Tier 1 operators and 80 Tier 2 licensees. The Tier 1 approvals go to Dula Global BDC Ltd and Trurate Global BDC Ltd. As for Tier 2, the mix includes brands like Abbufx BDC Ltd, Arctangent Swift…
CBN Approves Operation License For 82 Bureaux De Change
The Central Bank of Nigeria (CBN) has approved final license to 82 Bureaux De Change in accordance with the Bank and Other Financial Institutions Act (BOFIA) 2020, and the Regulatory and Supervisory Guidelines for Bureaux De Change Operations in Nigeria 2024. This was disclosed in a notice signed by Hakama Sidi Ali, the acting Director […] The post CBN Approves Operation License For 82 Bureaux De Change appeared first on Trending News.
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