Tag: Bureau de Change

Restructuring: CBN Sacks 200 Members of Staff

CBN to Raise Capital Requirements for Bureau de Change Operators to N2 Billion

Hetty

The Central Bank of Nigeria (CBN) is making plans to raise the minimum capital requirements for Bureau De Change (BDC) operators to N2 billion for Tier 1 licenses and N500 million for Tier 2 licenses. The Central Bank of Nigeria (CBN) on Friday, issued a draft revised regulatory and supervisory guidelines for Bureau de Change […]

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EFCC Raids Bureau De Change Location, Arrest 50 Operators

EFCC Raids Bureau De Change Location, Arrest 50 Operators

Hetty

The Economic and Financial Crimes Commission on Monday, raided a Bureau de Change location at the Wuse Zone 4 area of Abuja. 50 of of the operators said to be unlicensed were arrested during the operation. The EFCC raised a Special Task Force on the 7th of February across its divisions to crack down on […]

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