May 18, 2026
cbn today 1

The Central Bank of Nigeria (CBN) has announced revised guidelines for the licensing of Bureau De Changes (BDCs), introducing a tier-based classification system and removing several financial requirements to streamline operations and enhance financial accessibility.

According to Mrs. Sidi Ali, Acting Director of the Corporate Communications Department, the new guidelines, which followed public input from an earlier exposure draft, were posted on the CBN’s website on Wednesday. Speaking to reporters on Thursday, Ali detailed the two-tier licensing system now in place.

In the updated regulations, the mandatory caution deposit of N200 million for tier-1 BDC licence holders and N50 million for tier-2 licence holders has been removed. Additionally, the non-refundable annual licence renewal fees, previously set at N5 million for tier-1 and N1 million for tier-2 BDCs, have been waived.

These changes aim to simplify the regulatory framework for BDC operations in Nigeria and make it easier for entities to participate in the foreign exchange market. Ali emphasized that these adjustments are part of the CBN’s broader effort to reposition the BDC sub-sector to better serve its intended role.

The CBN encourages interested parties to apply for BDC licenses under the new guidelines, which will take effect on June 3, 2024. Existing BDCs will have a six-month grace period to comply with the new requirements.

This regulatory update is part of the CBN’s ongoing consultations with stakeholders, aimed at improving the operational efficiency of BDCs and ensuring they contribute effectively to Nigeria’s financial system.

For further details and to review the complete set of revised guidelines, interested parties are advised to visit the CBN’s official website.

1,933 thoughts on “CBN Updates Guidelines for BDC Licensing, Removes Deposit and Renewal Fees”

  1037. Соревнуйтесь СЃ РґСЂСѓР·СЊСЏРјРё РЅР° игровых автоматах.: balloon казино – balloon казино играть

    Reply

  1039. Игровые автоматы доступны всем желающим.: balloon игра – balloon казино официальный сайт

    Reply

  1040. Соревнуйтесь СЃ РґСЂСѓР·СЊСЏРјРё РЅР° игровых автоматах.: balloon игра – balloon игра на деньги

    Reply

  1042. Играть РІ казино — всегда интересное приключение.: balloon game – balloon казино официальный сайт

    Reply

  1047. Играйте СЃ СѓРјРѕРј, РЅРѕ РЅРµ забывайте Рѕ веселье.: balloon игра – balloon казино

    Reply

  1053. Играйте Рё выигрывайте РЅР° автомате Ballon!: balloon игра – balloon казино демо

    Reply

  1059. Баллон — это автомат для настоящих любителей.: balloon game – balloon казино играть

    Reply

  1061. Игра РЅР° деньги — это ваше развлечение.: balloon игра – balloon казино демо

    Reply

  1851. Wonderful goods from you, man. I’ve understand your stuff previous to and you’re just too wonderful. I actually like what you’ve acquired here, really like what you are stating and the way in which you say it. You make it enjoyable and you still care for to keep it sensible. I can not wait to read much more from you. This is really a tremendous website.

    Reply

  1852. wonderful submit, very informative. I ponder why the opposite experts of this sector don’t notice this. You should continue your writing. I am confident, you have a great readers’ base already!

    Reply

  1853. We’re a gaggle of volunteers and starting a new scheme in our community. Your web site provided us with helpful info to work on. You’ve done a formidable task and our whole group can be thankful to you.

    Reply

  1854. Hey There. I found your blog using msn. This is an extremely well written article. I’ll be sure to bookmark it and come back to read more of your useful information. Thanks for the post. I’ll definitely comeback.

    Reply

  1855. constantly i used to read smaller articles that as well clear their motive, and that is also happening with this paragraph which I am reading at this time.

    Reply

  1858. Hola! I’ve been following your weblog for some time now and finally got the courage to go ahead and give you a shout out from Lubbock Texas! Just wanted to mention keep up the great work!

    Reply

  1860. Hi to every one, for the reason that I am actually eager of reading this weblog’s post to be updated on a regular basis. It consists of fastidious data.

    Reply

  1861. Howdy, i read your blog from time to time and i own a similar one and i was just curious if you get a lot of spam feedback? If so how do you reduce it, any plugin or anything you can advise? I get so much lately it’s driving me insane so any support is very much appreciated.

    Reply

  1862. I do agree with all the concepts you’ve presented for your post. They are really convincing and will definitely work. Still, the posts are too brief for newbies. Could you please prolong them a bit from subsequent time? Thank you for the post.

    Reply

  1866. I do believe all of the ideas you have offered on your post. They’re very convincing and can definitely work. Nonetheless, the posts are too quick for newbies. Could you please extend them a little from subsequent time? Thanks for the post.

    Reply

  1868. Greetings! Very useful advice in this particular article! It’s the little changes that will make the greatest changes. Thanks for sharing!

    Reply

  1869. My brother suggested I may like this website. He was once entirely right. This put up truly made my day. You cann’t believe simply how much time I had spent for this information! Thank you!

    Reply

  1870. Hi I am so excited I found your blog page, I really found you by accident, while I was browsing on Bing for something else, Anyways I am here now and would just like to say many thanks for a fantastic post and a all round entertaining blog (I also love the theme/design), I don’t have time to go through it all at the minute but I have saved it and also added in your RSS feeds, so when I have time I will be back to read much more, Please do keep up the superb work.

    Reply

  1871. Just wish to say your article is as surprising. The clarity in your post is just great and i can assume you are an expert on this subject. Well with your permission allow me to grab your RSS feed to keep updated with forthcoming post. Thanks a million and please keep up the rewarding work.

    Reply

  1872. My partner and I stumbled over here coming from a different web page and thought I may as well check things out. I like what I see so now i’m following you. Look forward to checking out your web page again.

    Reply

  1874. Whoa! This blog looks exactly like my old one! It’s on a entirely different topic but it has pretty much the same layout and design. Outstanding choice of colors!

    Reply

  1875. What’s up to every body, it’s my first go to see of this web site; this blog carries remarkable and really good data in support of visitors.

    Reply

  1876. What’s up all, here every person is sharing these knowledge, therefore it’s nice to read this web site, and I used to go to see this web site every day.

    Reply

  1877. What’s Taking place i am new to this, I stumbled upon this I have discovered It absolutely useful and it has aided me out loads. I am hoping to contribute & aid other customers like its aided me. Great job.

    Reply

  1878. Excellent post. I was checking continuously this blog and I am impressed! Extremely useful information specifically the last part 🙂 I care for such info much. I was seeking this certain info for a very long time. Thank you and good luck.

    Reply

  1879. After I initially left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and now every time a comment is added I recieve 4 emails with the same comment. Perhaps there is an easy method you are able to remove me from that service? Cheers!

    Reply

  1880. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

    Reply

  1887. Asking questions are in fact good thing if you are not understanding something completely, except this article presents pleasant understanding even.

    Reply

  1888. Does your website have a contact page? I’m having a tough time locating it but, I’d like to send you an email. I’ve got some suggestions for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it grow over time.

    Reply

  1889. The other day, while I was at work, my sister stole my iPad and tested to see if it can survive a thirty foot drop, just so she can be a youtube sensation. My apple ipad is now destroyed and she has 83 views. I know this is entirely off topic but I had to share it with someone!

    Reply

  1891. You really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complex and very broad for me. I am looking forward for your next post, I’ll try to get the hang of it!

    Reply

  1894. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four e-mails with the same comment. Is there any way you can remove me from that service? Appreciate it!

    Reply

  1895. What i do not understood is if truth be told how you’re not actually much more well-favored than you may be now. You’re so intelligent. You recognize thus considerably in relation to this matter, produced me for my part consider it from a lot of various angles. Its like men and women are not fascinated until it is something to accomplish with Girl gaga! Your personal stuffs nice. All the time deal with it up!

    Reply

  1898. Have you ever considered creating an ebook or guest authoring on other blogs? I have a blog based upon on the same topics you discuss and would love to have you share some stories/information. I know my subscribers would appreciate your work. If you are even remotely interested, feel free to send me an e-mail.

    Reply

  1899. Hi! I could have sworn I’ve been to this site before but after reading through some of the post I realized it’s new to me. Anyways, I’m definitely delighted I found it and I’ll be book-marking and checking back frequently!

    Reply

  1901. I do not know if it’s just me or if perhaps everybody else experiencing issues with your site. It appears as though some of the text on your posts are running off the screen. Can somebody else please provide feedback and let me know if this is happening to them too? This could be a issue with my web browser because I’ve had this happen before. Thanks

    Reply

  1904. I’ve been browsing on-line greater than 3 hours nowadays, but I never discovered any attention-grabbing article like yours. It’s beautiful value sufficient for me. In my opinion, if all webmasters and bloggers made excellent content material as you probably did, the internet will likely be a lot more useful than ever before.

    Reply

  1905. Thanks for ones marvelous posting! I definitely enjoyed reading it, you will be a great author.I will always bookmark your blog and definitely will come back later on. I want to encourage you to continue your great job, have a nice morning!

    Reply

  1906. I’ve been surfing on-line greater than three hours nowadays, yet I by no means discovered any interesting article like yours. It is beautiful price enough for me. In my view, if all site owners and bloggers made just right content material as you probably did, the web will probably be a lot more helpful than ever before.

    Reply

  1907. Hi! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Thanks!

    Reply

  1909. Do you have a spam problem on this site; I also am a blogger, and I was wondering your situation; we have developed some nice practices and we are looking to swap methods with others, why not shoot me an email if interested.

    Reply

  1910. After exploring a number of the blog posts on your web page, I really appreciate your technique of writing a blog. I book marked it to my bookmark webpage list and will be checking back soon. Take a look at my web site as well and tell me how you feel.

    Reply

  1911. The other day, while I was at work, my sister stole my apple ipad and tested to see if it can survive a thirty foot drop, just so she can be a youtube sensation. My iPad is now destroyed and she has 83 views. I know this is completely off topic but I had to share it with someone!

    Reply

  1913. An impressive share! I have just forwarded this onto a colleague who has been doing a little homework on this. And he actually ordered me dinner because I stumbled upon it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanks for spending the time to discuss this topic here on your web site.

    Reply

  1914. Fantastic goods from you, man. I’ve understand your stuff previous to and you’re just extremely magnificent. I actually like what you’ve acquired here, really like what you’re saying and the way in which you say it. You make it enjoyable and you still take care of to keep it wise. I cant wait to read much more from you. This is really a great website.

    Reply

  1917. For newest news you have to pay a quick visit the web and on internet I found this web page as a most excellent web page for most recent updates.

    Reply

  1920. whoah this blog is magnificent i love reading your posts. Stay up the great work! You know, lots of persons are looking round for this information, you could aid them greatly.

    Reply

  1921. I have been surfing online more than 4 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my view, if all site owners and bloggers made good content as you did, the net will be a lot more useful than ever before.

    Reply

  1922. Wow that was unusual. I just wrote an really long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say great blog!

    Reply

  1923. Great post. I was checking continuously this blog and I am impressed! Extremely helpful information specifically the last part 🙂 I care for such info a lot. I was looking for this particular info for a long time. Thank you and best of luck.

    Reply

  1924. Heya i’m for the first time here. I found this board and I to find It truly helpful & it helped me out much. I am hoping to give something back and aid others like you helped me.

    Reply

  1925. Hello! I could have sworn I’ve visited this blog before but after browsing through a few of the posts I realized it’s new to me. Regardless, I’m certainly delighted I found it and I’ll be bookmarking it and checking back regularly!

    Reply

  1927. Quality content is the crucial to attract the users to go to see the web page, that’s what this web site is providing.

    Reply

  1928. I’ve been exploring for a little bit for any high-quality articles or weblog posts on this sort of area . Exploring in Yahoo I at last stumbled upon this site. Reading this info So i am happy to express that I’ve a very good uncanny feeling I found out exactly what I needed. I such a lot indubitably will make sure to don?t disregard this site and provides it a look on a relentless basis.

    Reply

  1929. Excellent post. I was checking continuously this blog and I’m impressed! Very useful information specifically the last part 🙂 I care for such info much. I was looking for this certain information for a very long time. Thank you and good luck.

    Reply

  1930. It is really a great and helpful piece of info. I am glad that you just shared this helpful info with us. Please keep us up to date like this. Thank you for sharing.

    Reply

  1931. My brother recommended I might like this blog. He was totally right. This post actually made my day. You cann’t imagine just how much time I had spent for this info! Thanks!

    Reply

  1932. What’s up all, here every person is sharing these knowledge, thus it’s pleasant to read this website, and I used to visit this webpage every day.

    Reply

  1933. I must thank you for the efforts you’ve put in writing this site. I am hoping to check out the same high-grade blog posts from you in the future as well. In truth, your creative writing abilities has inspired me to get my very own website now 😉

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Related News

Tinubu

APM Terminals President pledges fresh $600m investment in Nigeria.

May 15, 2026 31
Dangote Fuel Truck

Dangote refinery supplies 80% of Nigeria’s gasoline

May 15, 2026 2