{"id":119630,"date":"2025-06-12T05:40:13","date_gmt":"2025-06-12T04:40:13","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=119630"},"modified":"2025-06-12T05:40:13","modified_gmt":"2025-06-12T04:40:13","slug":"no-change-in-bureau-de-change-recapitalisation-date-says-cbn","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/no-change-in-bureau-de-change-recapitalisation-date-says-cbn\/","title":{"rendered":"No Change in Bureau De Change Recapitalisation Date, Says CBN"},"content":{"rendered":"<div style=\"text-align: justify;\">By Daniel Adaji<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The Central Bank of Nigeria (CBN) has<\/div>\n<div style=\"text-align: justify;\">restated its June 3, 2025 deadline for recapitalisation for Bureau De Change (BDC) operators, refuting earlier claims that the deadline was extended.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, described the circulating news suggesting a new deadline of December 31, 2025, as \u201cfalse and misleading.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">In a statement shared with Pointblanknews.com on Wednesday, Sidi said, \u201cThe Bank has not granted any such extension beyond the previously communicated deadline of June 3, 2025.&#8221;<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">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.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The CBN urged media outlets, and the general public to verify any information about its policies through official channels.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cWe strongly advise stakeholders to verify the information directly from official CBN sources, such as the Bank\u2019s website and authorised communication channels, before publishing or sharing news about the Bank and its regulatory directives,\u201d she said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The apex bank reiterated its commitment to regulatory clarity and market stability.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThe 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,\u201d she added.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>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&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":112370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-119630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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