CBN Withdraws All BDC Licenses, Gives 6 Months Deadline To Recapitalise With N2bn

By
NigeriaDNA
-

The Central Bank of Nigeria has withdrawn all Bureau de Change licences as it orders forex traders to reapply for fresh permits.

The operators are expected to apply for either of the two categories- ‘Tier one’ or ‘Tier two’ with a minimum capital requirement of N2bn and N500m respectively.

RELATED ARTICLESMORE FROM AUTHOR