The Central Bank of Nigeria (CBN) has approved the waiver of 2025 licence renewal fee for all existing Bureau De Change (BDC) Operators.
CBN, in a Circular signed by the Acting Director, Financial Policy and Regulation Department, John Onojah, said the waiver takes immediate effect.
The apex bank explained that the action was in furtherance to the Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria, 2024, and the ongoing transition to the new BDC regulatory structure.
It therefore, directed that any BDC that has paid for 2025 licence renewal should apply to the Director, Financial Policy and Regulation Department, CBN for refund to its account from which the payment emanated.
CBN said it remains committed to fostering stability, transparency, and efficiency in the foreign exchange market while ensuring that operators align with the revised regulatory framework.