CBN Denies Extending BDC Recapitalisation Deadline
17 Articles
17 Articles
CBN Reaffirms BDC Recapitalization Deadline, Dismisses Extension Rumours
The Central Bank of Nigeria (CBN) on June 11, 2025, categorically debunked reports suggesting an extension of the Bureau De Change (BDC) recapitalization deadline, reinforcing its March 31, 2026, timeline to strengthen Nigeria’s foreign exchange market. Hakama Sidi Ali, CBN’s acting Director of Corporate Communications, issued a statement to Business Day, dismissing claims of a December 2025 extension as “baseless,” urging BDCs to comply with en…
CBN denies extension of BDC operators recapitalisation deadline
The Central Bank of Nigeria (CBN) has officially debunked media reports suggesting it had extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025, insisting that no such extension has been approved. In a statement issued on Wednesday in Abuja, the Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, described the circulating report as “misleading and inaccurate,” urging the public to …
Over 3,600 BDC Operators Face Closure As CBN Maintains Original Recapitalization Timeline - TheNigeriaLawyer
The Central Bank of Nigeria (CBN) has denied report that the Bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The CBN, through its Acting Director of the Corporate Communications Department, Mrs. Hakama Sidi Ali, described the information as false, misleading, and stated that it should be disregarded. According to her, the Bank has not granted any such extension beyond the previous…
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