bdc

In a major move to reshape Nigeria’s foreign exchange landscape, the Central Bank of Nigeria has granted final operating licences to 82 Bureau De Change operators under its updated regulatory framework. Effective November 27, 2025, the approved list includes two Tier 1 operators and 80 Tier 2...

The Digest: The Central Bank of Nigeria has issued final operating licences to 82 Bureau De Change operators in line with its updated regulatory framework, while warning the public against patronising unlicensed forex dealers. This follows the revocation of over 4,000 BDC licences earlier in...

The Digest: Bureau De Change (BDC) operators are warning of imminent collapse as the Central Bank of Nigeria’s continued suspension of dollar sales to retail forex traders pushes the sector toward extinction. With most operators struggling to cover basic expenses, the industry now describes...