CBN Reshapes BDC Operations in 2025 to Enhance Forex Market Efficiency
The Central Bank of Nigeria (CBN) implemented significant changes in 2025 to reshape the operations of Bureau de Change (BDC) operators in Nigeria's retail foreign exchange market. This included fee waivers, new regulatory codes, and the extension of deadlines for license renewals.
The CBN aimed to streamline operations, enforce good governance, and ensure market fairness and efficiency. Governor Yemi Cardoso described the new FX code as a step forward in enhancing transparency and ethical conduct.
The CBN also extended deadlines for BDCs to access the foreign exchange market and set weekly purchase limits. These measures aimed to strengthen the sector and improve market practices.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
Read full article
Continue on Legit.ng
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
CBN Grants Licenses to 82 BDCs in Nigeria, New Regulations Effective November 2025
CBN Introduces New Guidelines for BDC Operations
CBN Clears 82 BDCs Under New Regulatory Regime in Nigeria
Nigeria's Central Bank Revokes BDC Licenses Over Regulatory Non-Compliance
CBN Allows BDCs Back into FX Market with $150,000 Weekly Cap
CBN Confirms 82 Licensed BDCs, Warns Against Unauthorised Dealers
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
