- The Central Bank of Nigeria has increased the minimum capital requirements for BDC operators in Nigeria
- The apex bank said Tier-1 BDC operators must maintain a minimum capital of N2 billion, while Tier-2 operators must have N500 million
- The bank is also reportedly considering banning street trading of Forex and limiting FX cash payments to $500
Legit.ng’s Pascal Oparada has reported Tech, Energy, Stocks, Investment and the Economy for over a decade
The Central Bank of Nigeria (CBN) has proposed new regulations to increase Nigeria’s minimum requirements for Bureau de Change (BDC) operators to N2 billion and N500 million for Tier 1 and Tier 2 licences.
