US EditionNigeria: CBN Licenses 82 BDCS Under New Guidelines, Signals Stronger Forex Market
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9 Articles
Nigeria: CBN Licenses 82 BDCS Under New Guidelines, Signals Stronger Forex Market
The Central Bank of Nigeria (CBN) has confirmed the issuance of final operating licenses to 82 Bureaux De Change (BDCs) under its revised 2024 Regulatory and Supervisory Guidelines, ushering in a new era of transparency and resilience in Nigeria's retail foreign exchange market.
CBN Issues Final Licenses to 82 BDCs Under New Forex Guidelines - Innovation Village | Technology, Product Reviews, Business
The Central Bank of Nigeria (CBN) has issued final operating licenses to 82 Bureau-De-Change (BDC) operators, marking a major milestone in the country’s ongoing foreign exchange (FX) market reforms. The move underscores the regulator’s determination to overhaul Nigeria’s retail forex segment, curb illicit currency trading, and restore confidence in the broader FX ecosystem. The newly licensed operators emerged from a rigorous screening process c…
CBN Cuts 5,687 Bureau De Change Operators To 82
The Central Bank of Nigeria (CBN) has made known how the number of legacy Bureau De Change (BDCs) operators reduced from 5,687 to just 82 in its updated capital and compliance requirements, a major shake-up of the country’s foreign-exchange subsector.…The post CBN Cuts 5,687 Bureau De Change Operators To 82 appeared first on The Liberation News Nigeria.
How CBN Cut 5,687 Bureau De Change Operators to 82
The Central Bank of Nigeria (CBN) has highlighted how the number of legacy Bureau De Change (BDCs) operators decreased from 5,687 to just 82 in its updated capital and compliance requirements, a major shake-up of the country’s foreign-exchange retail scene. The regulatory reset marks one of the boldest clean-ups the subsector has seen in years, underscoring the central bank’s commitment to tighter governance and stronger market discipline. In it…
The Central Bank of Nigeria (CBN) has announced the granting of final licences to 82 foreign exchange offices (BDCs) in accordance with its revised regulatory framework, which came into force on 27 November 2025. This decision comes, it is recalled, after a large clean-up operation carried out last year, during which 4,173 licences had been revoked for...
Central Bank Releases List of 82 Licensed Bureaux De Change in Nigeria
The Central Bank of Nigeria (CBN) has published a new list of licensed bureaux de change (BDCs) authorised to operate in the country. This follows the revised guidelines requiring all operators to reapply for new licences under a new capital structure. According to a press release signed by the Acting Director of Corporate Communications, Hakama … The post Central Bank Releases List of 82 Licensed Bureaux De Change in Nigeria appeared first on B…
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