CBN has revoked the licenses of more than 4,000 Bureau De Change (BDC) operators.
The Central Bank of Nigeria (CBN) has revoked the operating licenses of 4,173 Bureaux De Change (BDC) operators due to alleged non-compliance with regulations. Hakama Sidi Ali, the Acting Director of Corporate Communications at the CBN, stated that the apex bank exercised its authority under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act…