The Central Bank of Nigeria has directed all current Bureau De Change (BDC) operators to re-apply for new licenses in their chosen categories.
This directive was announced on Wednesday in a circular issued by the apex bank, signed by Haruna Mustafa, the Director of the Financial Policy and Regulation Department.
The BDCs are also required to fulfill the capital requirements for their respective license categories within six months.
The Central Bank of Nigeria has directed all current Bureau De Change (BDC) operators to re-apply for new licenses in their chosen categories.
This directive was announced on Wednesday in a circular issued by the apex bank, signed by Haruna Mustafa, the Director of the Financial Policy and Regulation Department.
The BDCs are also required to fulfill the capital requirements for their respective license categories within six months.
More details to follow…
Credit: Nigerian Tribune