LEGIT NG
The Central Bank of Nigeria (CBN) has denied reports that it has revoked the operating licenses of 2,698 Bureau De Changes (BDCs).
In several media reports, the CBN was said to have reduced the number of approved BDCs to 2,991 from 5,689.
However in an exclusive telephone conversation with Legit.ng Isa Abdulmumin, CBNs director of corporate communications confirmed that the number of BDCs has not changed from 5,687.
He noted that the CBN website has a full list of approved BDCs and there is no changes has reported.
He said:
“The CBN did not revoke any BDC license approved, no changes on the license.”
BDC operators reacts to CBN
Responding to the development, Aminu Gwadabe, National President of the Association of Bureau De Change Operators of Nigeria (ABCON), confirmed to Legit that no BDC has reported losing its license.
He stated:
“It was fake news at the moment, what I know is CBN is currently reviewing the BDCs register.”
Naira depreciation
The news of CBN BDCs license revocation came after the Naira depreciated heavily at the black and official forex markets.
