Economy Special Report
JUST IN: CBN clarifies new licensing requirements for Bureau de Change operators
Thompson Nsisongabasi
May 23, 2024
The Central Bank of Nigeria (CBN) has provided additional information regarding the revised licensing criteria for Bureau de Change (BDC) operators.
The updated guidelines, which have taken into account input from previous public consultations, were officially released on the CBN website on Wednesday, May 22nd, 2024.
READ ALSO: Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State
Mrs. Hakama Sidi Ali, the Acting Director of the Corporate Communications Department, explained that the new guidelines establish a two-tier licensing structure for BDCs, known as Tier 1 and Tier 2.
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— Thompson Nsisongabasi
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