The Central Bank of Nigeria (CBN) has waived the 2025 annual license renewal fee for Bureau De Change (BDC) operators, effective immediately.
This move aims to ease the financial burdens on BDC operators and support the ongoing transition to the new regulatory structure.¹
The waiver is part of the CBN’s broader strategy to foster stability, transparency, and efficiency in the foreign exchange market. BDC operators who have already paid the 2025 license renewal fee will receive refunds.
They are advised to apply to the Director of the Financial Policy and Regulation Department for reimbursement.²
This decision provides relief to foreign exchange operators, allowing them to focus resources on complying with the updated regulatory frameworks. The CBN’s move is seen as a positive step, reinforcing its commitment to streamlining operations within the forex market.
