• Tuesday, June 25, 2024
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BusinessDay

CBN to come up with full list of BDCs

Again, Customs slashes FX duty rate to N1,238/$

The Central Bank of Nigeria (CBN) on Wednesday said it would come up with the full list of licensed Bureau De Change (BDCs) operating in the country, later today.

Isa Abdulmumin, CBNs director of corporate communications, disclosed this to BusinessDay on Wednesday via a phone call.

He noted that the reports making rounds about the revocation of operating licenses of 2,698 BDCs are not true.

Some reports said the CBN has withdrawn the license of 2,698 BDCs as it published a list of approved operators which saw a reduction in the total number of approved BDC to 2,991.

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At its last publication of the list of approved BDCs, on December 31, 2021, the number of operators stood at 5,689.

Responding to the development, Aminu Gwadabe, National President of Association of Bureau De Change Operators of Nigeria (ABCON), said, “it is fake news at the moment”.

However, he said the CBN is updating their BDCs register based on compliance criteria in obligations of BDCs return renditions and annual fees payments.

“I, therefore, advise my members to comply and avoid unnecessary sanctions and exclusion of their licenses,” he said.