CBN Waives 2025 License Renewal Fee For BDCs

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The Central Bank of Nigeria (CBN) has announced the waiver of the 2025 non-refundable annual license renewal fee for Bureau De Change (BDC) operators.
In a circular dated January 24, 2025, signed by John S. Onojah, acting director of the financial policy and regulation department, the apex bank said the move aimed to ease the operators’ financial obligations.
The circular, addressed to all BDC operators and stakeholders in the financial services industry, highlights the CBN’s commitment to fostering stability, transparency, and efficiency in the foreign exchange market.
The waiver is part of the CBN’s broader strategy to support the ongoing transition to the new BDC regulatory structure, following the release of the “Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria, 2024.”

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