BREAKING: CBN to increase BDC minimum share capital to N2 billion for Tier 1 license

The Central Bank of Nigeria (CBN) is mulling an increase in the share capital of Bureau De Change (BDC) operators to N2 billion and N500 million for Tier 1 and Tier 2 licenses.

It was previously N35 million for a general license.

See the Full Clip Here

The new guidelines contain several new changes to the guidelines for BDC operations in the country. If endorsed, the new guidelines will be effective at a date decided by the CBN.

Minimum Capital: Under the minimum capital requirements, the central bank is introducing a two-tier license for BDC operators in the country……………………CONTINUE READING


See also  JUST IN: Body Of Missing Teacher Found Buried Inside Concrete Coffin In His House
Social Media Auto Publish Powered By :