Recapitalisation: Shakeup looms as only 10% of BDCs comply - Businessday NG
The deadline for the recapitalisation of Bureau De Change (BDC) operators is expected to end today, with less than 10 percent of the 1,500 licensed operators said to have complied. The Central Bank of Nigeria (CBN) had initially set the deadline for BDC recapitalisation on December 3, 2024, but later extended it by six months to June 3, 2025, to give operators more time to meet the new requirements. However, with the new deadline now here, m
The deadline for the recapitalisation of Bureau De Change (BDC) operators is expected to end today, with less than 10 percent of the 1,500 licensed operators said to have complied. The Central Bank of Nigeria (CBN) had initially set the deadline for BDC recapitalisation on December 3, 2024, but later extended it by six months to June 3, 2025, to give operators more time to meet the new requirements. However, with the new deadline now here, m
