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CBN grants final licences to 82 BDCs

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CBN grants final licences to 82 BDCs

09 Dec, 2025

The Central Bank of Nigeria (CBN) has issued final licences to 82 Bureau de Change operators under its revised regulatory framework, marking a major step in tightening oversight of the retail foreign-exchange market. The licences, effective November 27, 2025, were granted under the Bank and Other Financial Institutions Act (BOFIA) 2020 and the updated Regulatory and Supervisory Guidelines for BDC Operations released earlier this year.......................….......READ MORE