BDC
Mystery Shopping: CBN Deploys Undercover Shoppers to Police Forex Dealers in AML/CFT Crackdown
To fortify Nigeria’s financial system against illicit activities, the Central Bank of Nigeria (CBN) has announced the immediate commencement of “mystery shopping” exercises...
Forex Speculation: CBN Tightens Grip on Bureau de Change Operators
The Central Bank of Nigeria (CBN) has taken a significant step to curb forex speculation and stabilise the naira by issuing new guidelines...
CBN Extends FX Sales to BDCs Until May 30th to Ease Retail Demand
The Central Bank of Nigeria (CBN) has extended the lifeline for Bureau de Change (BDC) operators, allowing them to continue purchasing foreign exchange...
CBN Waives 2025 License Renewal Fee for Bureau De Change Operators
The Central Bank of Nigeria (CBN) has stated that the 2025 licence renewal cost will be waived with immediate effect, potentially easing the...
CAC Directs 4,173 BDC Operators to Restructure Operations Within Three Months
The Corporate Affairs Commission (CAC) has directed 4,173 Bureau de Change (BDC) operators to restructure their operations within three months. This directive, issued...
CBN Unveils Revised Guidelines for FX Sale by Bureau De Change Operators [Details]
In a bid to bolster the regulatory framework for Bureau De Change (BDC) operations, the Central Bank of Nigeria (CBN) has released comprehensive...
Abuja Bureau De Change Operators Shut Down Amid Dollar Scarcity
The Abuja chapter of the Bureau De Change (BDC) operators has announced the closure of their business premises with immediate effect, citing dollar...
CBN Introduces New Operational Mechanisms for Forex Sale by BDC Operators
The Central Bank of Nigeria (CBN) has unveiled fresh operational mechanisms governing the sale of foreign exchange (forex) by Bureau De Change (BDC)...
Court Orders Forfeiture of N449m Found in BDC Shop to FG
The Federal High Court in Lagos on Wednesday ordered the temporary forfeiture of the sum of N449,750,000 found in an abandoned Bureau de...