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CBN Curtails Licenses of 2,698 Bureau de Change Operators Amid Naira Fall

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Jul 8, 2023
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The Central Bank of Nigeria (CBN) has recently released a list of approved Bureau de Change (BDC) dealers, leaving the Nigerian financial space buzzing with curiosity. In this fresh list, the total number of approved BDC dealers has been significantly reduced to 2,991, leaving many wondering about the reasons behind this drastic change. The document, aptly titled 'Approved BDCs,' was exclusively viewed by Investingport , adding an air of mystery to the unfolding situation. Shockingly, the licenses of a staggering 2,698 BDCs have been abruptly withdrawn, sending shockwaves through the financial sector.

Continue Reading: https://www.investingport.com/cbn-c...8-bureau-de-change-operators-amid-naira-fall/