Bureau De Change (BDC) operators

The Central Bank of Nigeria (CBN) has granted final operating licenses to 82 Bureaux De Change, bolstering its oversight of the retail foreign exchange market and boosting trust in regulated FX transactions nationwide. The list features…

The Central Bank of Nigeria (CBN) has issued new guidelines allowing Bureau de Change (BDC) operators to purchase up to $25,000 weekly from Authorised Dealer Banks (ADBs) to meet retail forex demand for eligible invisible transactions.…

The Central Bank of Nigeria (CBN) has extended the temporary access granted to Bureau De Change (BDC) operators to purchase foreign exchange from the Nigerian Foreign Exchange Market (NFEM) to meet retail market demand for invisible…