The Central Bank of Nigeria CBN has approved 82 Bureau de Change BDCs to operate under its updated regulations, effective November 27, 2025.
"The Central Bank of Nigeria CBN, in exercise of its powers conferred under the Bank and Other Financial Institutions Act BOFIA 2020, and the Regulatory and Supervisory Guidelines for Bureaux De Change Operations in Nigeria 2024 the Guidelines, has granted Final Licenses to 82 Bureaux De Change BDCs to operate with effect from November 27, 2025," the apex bank said.
On May 22, 2024, CBN released regulatory guidelines for the operations of bureau de change following discussions with stakeholders and instructed current BDCs to submit applications for a new licence.
