To Tackle Forex Crisis, CBN To Increase BDCs Operating License From N35m To N2bn

In a bid to tackle the foreign exchange crisis facing the Nigerian economy, the Central Babk of Nigeria on Friday unveilled plans to increase the share capital of Bureau De Change operators to N2bn and N500m for Tier 1 and Tier 2 licenses.

Before the new plan, the operating license for BDCs was previously N35m