{"id":20725,"date":"2025-12-09T09:17:23","date_gmt":"2025-12-09T07:17:23","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/nigerias-central-bank-licenses-82-exchange-bureaus-under-new-forex-rules\/"},"modified":"2026-02-27T16:31:59","modified_gmt":"2026-02-27T14:31:59","slug":"nigerias-central-bank-licenses-82-exchange-bureaus-under-new-forex-rules","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/nigerias-central-bank-licenses-82-exchange-bureaus-under-new-forex-rules\/","title":{"rendered":"Nigeria&#8217;s Central bank licenses 82 exchange bureaus under new forex rules"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Nigeria\u2019s Central bank has granted final licenses to 82 exchange bureaus (BDCs) under revised guidelines, effective November 27, following a sweeping crackdown last year that saw 4 173 licences revoked for regulatory breaches.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Central bank last year outlawed street-trading of foreign exchange and raised minimum capital levels for exchange bureaus to at least $1.38 million.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">This was under new guidelines aimed at tightening oversight and curbing illicit forex practices after years of market distortions and dollar shortages.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The bank said only operators listed on its website are authorized to trade foreign exchange and warned the public against unlicensed dealers, adding that BDCs operating without a licence is a violation.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":20726,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-20725","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Nigeria\u2019s Central bank has granted final licenses to 82 exchange bureaus","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20725\/revisions"}],"predecessor-version":[{"id":24662,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20725\/revisions\/24662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20726"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=20725"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=20725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}