The Central Bank of Nigeria (CBN) has made a big move by announcing the removal of operating licenses from 2,698 Bureau de Change (BDC) businesses. Simultaneously, the apex bank published a list of approved dealers, bringing the total number of approved BDC dealers down to 2,991. The CBN release titled ‘Approved BDCs’ indicated the revocation … Continue reading CBN revokes licenses of 2,698 Bureau de Change operators