The Central Bank of Nigeria (CBN) on Monday night, December 8, 2025, announced that 82 Bureaux De Change (BDCs) have been issued Final Licences and are now authorised to operate under the bank’s revised regulatory framework, effective November 27, 2025.
In a statement signed by the Acting Director of Corporate Communications, Hakama Sidi Ali (Mrs.), the apex bank emphasised that only BDCs listed on its official website are permitted to conduct foreign exchange operations.
She added that the CBN will continuously update its public register of validly licensed BDCs on its website and cautioned Nigerians against transacting with unlicensed forex dealers.
The bank further warned that running a BDC without proper licensing constitutes a criminal offence under Section 57(1) of the Banks and Other Financial Institutions Act (BOFIA) 2020.
The public was urged to adhere strictly to the new directive.
List of newly approved BDCs:
TIER 1
- Dula Global BDC Ltd
- Trurate Global BDC Ltd
TIER 2
- 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