2009-08-12 | OFID-04-2009

Notice to all Class 'B' Bureaux De Change on Renewal of Licence for 2009

The Central Bank of Nigeria has lifted the suspension on annual licence renewal for Class "B" Bureaux de Change (BDCs). Operators must renew their licenses by September 30, 2009. Additionally, Class "B" BDCs are required to make a mandatory deposit of $20,000 to the BDC Mandatory Deposit Account at JP Morgan Chase Bank in New York, USA, as a pre-condition for accessing the Foreign Exchange Direct Cash Sales Window of the Central Bank of Nigeria.

Nigeria

Central Bank of Nigeria

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