CBN shuts down operations of 4,173 BDC operators in Nigeria, see details

  • The CBN has taken action by revoking the operational licenses of 4,173 Bureau De Change Operators in Nigeria
  • It stated that the affected BDCs failed to observe the regulatory provisions of the apex bank
  • It also said it is working on guidelines which will be mandatory for all stakeholders upon the announcement

Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.

The CBN has revoked the operational licenses of 4,173 Bureaux De Change Operators in Nigeria.