CBN Waives 2025 BDC Licence Fee

The Central Bank of Nigeria (CBN) has approved a waiver for the 2025 licence renewal fee for Bureau De Change (BDC) operators, effective immediately.

This decision aligns with the Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria, 2024, and the ongoing transition to the new BDC regulatory structure.

This announcement was made in a circular signed by John Onojah, the Acting Director of the Financial Policy and Regulation Department at the CBN. He advised any BDC operator who has already paid the 2025 licence renewal fee to apply for a refund to the account from which the payment was made.

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The CBN emphasized its commitment to fostering stability, transparency, and efficiency in the foreign exchange market while ensuring that operators comply with the revised regulatory framework.

The circular states, “This is to inform all existing bureaux de change that further to the Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria, 2024, and the ongoing transition to the new BDC regulatory structure, the Central Bank of Nigeria (CBN) has approved the waiver of 2025 licence renewal fee, effective immediately.

“Any bureau de change that has paid for 2025 licence renewal is hereby advised to apply to the Director, Financial Policy and Regulation Department, Central Bank of Nigeria for refund to its account from which the payment emanated.

“The CBN remains committed to fostering stability, transparency, and efficiency in the foreign exchange market while ensuring that operators align with the revised regulatory framework.”