CBN-Approved BDCs: Important Update on 82 Licensed Operators

The Central Bank of Nigeria (CBN) has published the complete list of 82 Bureaux De Change (BDCs) approved to operate under its revised regulatory framework.

Okay News reports that the licences, which took effect from November 27, 2025, were granted in line with the Bank and Other Financial Institutions Act (BOFIA) 2020 and the Regulatory and Supervisory Guidelines for Bureaux De Change Operations in Nigeria 2024.

The CBN categorized the approved operators into two tiers based on their operational capacity and regulatory requirements.

TIER 1 BDCs

The Tier 1 category includes two operators with broader operational scope:

1. DULA GLOBAL BDC LTD
2. TRURATE GLOBAL BDC LTD

TIER 2 BDCs

The Tier 2 category comprises 80 operators approved for standard BDC operations:

1. ABBUFX BDC LTD
2. ACHA GLOBAL BDC LTD
3. ARCTANGENT SWIFT BDC LTD
4. ASCENDANT BDC LTD
5. BARACAI BDC LTD
6. BERGPOINT BDC LTD
7. BRAVO MODEL BDC LTD
8. BRIMESTONE BDC LTD
9. BROWNSTON BDC LTD
10. BUZZWALLET BDC LTD
11. CASHCODE BDC LTD
12. CHATTERED BDC LTD
13. CHRONICLES BDC LTD
14. COOL FOREX BDC LTD
15. CORPORATE EXCHANGE BDC LTD
16. COURTESY CURRENCY BDC LTD
17. DANYARO BDC LTD
18. DASHAD BDC LTD
19. DEVAL BDC LTD
20. DFS BDC LTD
21. EASY CASH BDC LTD
22. ELELEM BDC LTD
23. E-LIOYDS BDC LTD
24. ELOGOZ BDC LTD
25. ENOUF BDC LTD
26. EVER JOJ GOLD BDC LTD
27. EXCEL RIJIYA FOREX BDC LTD
28. FABFOREX BDC LTD
29. FELLOM BDC LTD
30. FINE BDC LTD
31. FOMAT BDC LTD
32. GENELO BDC LTD
33. GENTLE BREEZE BDC LTD
34. GRACEFUL GLORY AND HUMILITY BDC LTD
35. GREENGATE BDC LTD
36. GREENVAULT BDC LTD
37. HAZON CAPITAL BDC LTD
38. HIGH-POINT BDC LTD
39. I & I EXCHANGE BDC LTD
40. IBN MARYAM BDC LTD
41. JOURNEY WELL BDC LTD
42. KEEPERS BDC LTD
43. KHADHOUSE SOLUTIONS BDC LTD
44. KIMMELFX BDC LTD
45. KINGSOFT ATLANTIC BDC LTD
46. M.S. ALHERI BDC LTD
47. MASTERS BDC LTD
48. MCMENA BDC LTD
49. MKOO BDC LTD
50. MKS BDC LTD
51. MR J GOLF BDC LTD
52. MUSDIQ BDC LTD
53. MZ FOREX BDC LTD
54. NEJJ BDC LTD
55. NETVALUE BDC LTD
56. NEW WAVE BDC LTD
57. NOTABLE AND KINGSTON BDC LTD
58. PILCROW BDC LTD
59. RAPID BDC LTD
60. RIGHTWAY BDC LTD
61. RWANDA BDC LTD
62. SABLES BDC LTD
63. SAFETRANZ BDC LTD
64. SAMFIK BDC LTD
65. SEVENLOCKS BDC LTD
66. SHAPEARL BDC LTD
67. SIMTEX BDC LTD
68. SOLID WHITE BDC LTD
69. ST. NICHOLAS GLOBAL BDC LTD
70. TOPFIRST UNIQUE MULTICHOICE BDC LTD
71. TOPGATE BDC LTD
72. TRAVELLER’S CHOICE BDC LTD
73. TUCA GLOBAL BDC LTD
74. TURBOVA BDC LTD
75. TURN-UP BDC LTD
76. UNIGO BDC LTD
77. VICTORY AHEAD BDC LTD
78. WHITEWAY WWW BDC LTD
79. YUND GLOBAL LINK BDC LTD
80. ZAMAD FOREX BDC LTD