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By Daniel Adaji
The Central Bank of Nigeria (CBN) has
restated its June 3, 2025 deadline for recapitalisation for Bureau De Change (BDC) operators, refuting earlier claims that the deadline was extended.
The Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, described the circulating news suggesting a new deadline of December 31, 2025, as “false and misleading.”
In a statement shared with Pointblanknews.com on Wednesday, Sidi said, “The Bank has not granted any such extension beyond the previously communicated deadline of June 3, 2025.”
Recall that under the revised guidelines released in February 2024, BDC operators are required to meet new minimum capital thresholds: N2bn for Tier-1 and N500m for Tier-2 licenses.
The CBN urged media outlets, and the general public to verify any information about its policies through official channels.
“We strongly advise stakeholders to verify the information directly from official CBN sources, such as the Bank’s website and authorised communication channels, before publishing or sharing news about the Bank and its regulatory directives,” she said.
The apex bank reiterated its commitment to regulatory clarity and market stability.
“The CBN remains committed to ensuring transparency, stability, and compliance in the foreign exchange market and will continue to engage with all relevant stakeholders in accordance with its statutory mandate,” she added.