The Central Bank of Nigeria has issued operating licenses to 82 Bureau De Change, BDC, operators in the country, saying the action was in line with its regulatory powers, under the Bank and Other Financial Institutions Act (BOFIA) 2020, and the Regulatory and Supervisory Guidelines for Bureaux De Change Operations in Nigeria 2024
According to a statement on Monday signed by the Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank said the new BDC became fully licensed effective November 27, 2025.
It however, warned the public to stop patronising BDC operators whose licenses have not been fully verified. unlicensed BDC
“By this notice, only Bureaux De Change listed on the Bank’s website are authorised to operate from the effective date.
“While the CBN will continue to update the list of Bureaux De Change with valid operating licences for public verification on our website (www.cbn.gov.ng), the Bank advises the general public to avoid dealing with unlicensed Foreign Exchange Operators,” the CBN said.
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