The guidelines which seek to enhance the regulatory framework for BDC operations as part of ongoing reforms of the Nigerian foreign exchange market, were contained in a circular on Friday, February 23, 2024.
The circular signed by Haruna Mustafa, Director, Financial Policy and Regulation Department of the CBN had the 50-page guidelines attached.
The guidelines spelt out activities allowed, licensing requirements, corporate governance and Anti-Money Laundering/Combating the Financing of Terrorism provisions for BDCs.
