CBN has ordered BDC Operators to apply for new licences.
NewsOnline Nigeria reports that the Central Bank of Nigeria (CBN) has directed all existing Bureau De Change Operators to re-apply for new licences in their preferred category.
This was announced on Wednesday in a circular issued by the apex bank which was signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa.
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The BDCs were also required to meet the capital requirements for their licence category within six months.
Details shortly…
