CBN Issues Warning to BDCs Against Money Laundering   The Central Bank of Nigeria (CBN) has warned Bureau De Change operators across the country of severe sanctions for failing to comply with anti-money laundering and terrorism financing regulations. In a circular dated April 17, 2025, and signed...

Cardoso: Restoring the Dignity of Naira with Painstaking Reforms, by Rahma Olamide Oladosu   The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, took the helm of affairs at a time the Naira was on a free fall. Despite his initial steps to arrest the downward...

$25,000 Limit: CBN to Suspend Erring BDCs, Banks The Central Bank of Nigeria, CBN, yesterday, said it will suspend the dealership license of any Bureau de Change (BDC) or Authorised Dealer banks that divert funds or violate the provisions of its newly rolled out foreign...

CBN Extends Deadline for BDCs to Buy $25,000 Weekly from Banks The Central Bank of Nigeria (CBN) has granted eligible bureau de change operators more time to purchase foreign exchange (FX) from the Nigerian Autonomous Foreign Exchange Market (NAFEM). On December 20 2024 CBN granted BDC...

Yuledite: CBN Permits BDCs to Buy $25,000 Weekly to Meet Demand The Central Bank of Nigeria (CBN) has granted temporary permission to Bureau de Change operators, to purchase up to $25,000 in foreign exchange weekly from the Nigerian Foreign Exchange Market, which was launched earlier...

The Central Bank of Nigeria (CBN) has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators