Business

Breaking: CBN revokes operational licenses of 4,173 BDCs 

The Central Bank of Nigeria (CBN) has revoked the operational licenses of more than 4,000 Bureau De Change (BDC) operators registered under its oversight.


The apex bank indicated that the revocation was due to the failure of the affected BDCs to comply with certain regulatory guidelines.


This information was revealed in a statement signed by the Director of Corporate Communications at the bank.