The Central Bank of Nigeria (CBN) has firmly denied claims circulating in some quarters that the deadline for Bureau De Change (BDC) operators to recapitalise has been pushed to December 31, 2025.
In a statement released by Mrs. Hakama Sidi Ali, the Acting Director of Corporate Communications at the CBN, the apex bank clarified that there has been no change to the original deadline. “The information is false and misleading and should be disregarded,” she stated.
Mrs. Sidi Ali reaffirmed that the recapitalisation deadline remains June 3, 2025, as earlier communicated by the CBN. She urged members of the public, the media, and all stakeholders to verify any information relating to the bank through official channels only, including the CBN’s website and authorised communication platforms.
“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.
As part of the regulatory updates announced in February 2024, new minimum capital thresholds were set for BDC operators — ₦2 billion for tier-one and ₦500 million for tier-two licenses — as part of broader efforts to strengthen the foreign exchange ecosystem and financial sector resilience.
