Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureaux De Change (BDCs) following the rollout of the 2024 Regulatory and Supervisory Guidelines for BDC Operations.
Gatekeepers News reports that the approval, issued under the Banks and Other Financial Institutions Act (BOFIA) 2020, became effective on November 27, 2025.
Hakama Sidi Ali, Acting Director of Corporate Communications, noted that only BDCs published on the bank’s official website are authorised to operate, warning that running a BDC without a valid licence remains an offence under Section 57(1) of BOFIA.
Under the new licensing structure, two Tier-1 operators were approved: Dula Global BDC Ltd and Trurate Global BDC Ltd. The Tier-2 approvals comprise a wide range of operators, including AbbuFX BDC Ltd, Acha Global BDC Ltd, Arctangent Swift BDC Ltd, Ascendant BDC Ltd, Baracai BDC Ltd, Bergpoint BDC Ltd, Bravo Model BDC Ltd, Brimestone BDC Ltd, Brownston BDC Ltd, Buzzwallet BDC Ltd, Cashcode BDC Ltd, Chattered BDC Ltd, Chronicles BDC Ltd, Cool Forex BDC Ltd, Corporate Exchange BDC Ltd, Courtesy Currency BDC Ltd, Danyaro BDC Ltd, Dashad BDC Ltd, Deval BDC Ltd, DFS BDC Ltd, Easy Cash BDC Ltd, Elelem BDC Ltd, E-Lioyds BDC Ltd, Elogoz BDC Ltd, Enouf BDC Ltd, Ever Joj Gold BDC Ltd, and Excel Rijiya Forex BDC Ltd.
The list continues with Fabforex BDC Ltd, Fellom BDC Ltd, Fine BDC Ltd, Fomat BDC Ltd, Genelo BDC Ltd, Gentle Breeze BDC Ltd, Graceful Glory and Humility BDC Ltd, Greengate BDC Ltd, Greenvault BDC Ltd, Hazon Capital BDC Ltd, High-Point BDC Ltd, I & I Exchange BDC Ltd, Ibn Maryam BDC Ltd, Journey Well BDC Ltd, Keepers BDC Ltd, Khadhouse Solutions BDC Ltd, Kimmelfx BDC Ltd, Kingsoft Atlantic BDC Ltd, M.S. Alheri BDC Ltd, Masters BDC Ltd, Mcmena BDC Ltd, Mkoo BDC Ltd, MKS BDC Ltd, Mr J Golf BDC Ltd, Musdiq BDC Ltd, MZ Forex BDC Ltd, Nejj BDC Ltd, and Netvalue BDC Ltd.
Also granted licences are New Wave BDC Ltd, Notable and Kingston BDC Ltd, Pilcrow BDC Ltd, Rapid BDC Ltd, Rightway BDC Ltd, Rwanda BDC Ltd, Sables BDC Ltd, Safetranz BDC Ltd, Samfik BDC Ltd, Sevenlocks BDC Ltd, Shapearl BDC Ltd, Simtex BDC Ltd, Solid White BDC Ltd, St. Nicholas Global BDC Ltd, Topfirst Unique Multichoice BDC Ltd, Topgate BDC Ltd, Traveller’s Choice BDC Ltd, Tuca Global BDC Ltd, Turbova BDC Ltd, Turn-Up BDC Ltd, Unigo BDC Ltd, Victory Ahead BDC Ltd, Whiteway WWW BDC Ltd, Yund Global Link BDC Ltd, and Zamad Forex BDC Ltd.
