CBN orders existing BDCs to reapply for new license

 By Babajide KomolafeThe Central Bank of Nigeria, CBN yesterday released new operational guidelines for Bureau De Change, BDCs, and directing existing operators to reapply for new licenses and six six-month deadlines to meet the new minimum capital requirements.The new guidelines introduce two categories of BDCs, Tier 1 and Tier 2, with minimum capital requirements of...

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