CBN: BDC promoters to get refund on deposits, fees with pending applications

July 29, 2021
57 Views

From Chinwendu Obienyi

In the aftermath of the Monetary Policy Committee (MPC) meeting, the Central Bank of Nigeria (CBN) has said it will commence the immediate refund of capital deposits and licensing fees to promoters who have pending Bureaux de Change (BDC) licence applications.

In a statement obtained from the CBN’s website on Thursday, the apex bank noted that BDC promoters should forward their requests for refund to the Director, Financial Policy and Regulation department.

The CBN further mandated all Deposit Money Banks (DMBs) to stop accepting instructions from customers to transfer a capital deposit of N35 million to the designated CBN account for the purpose of applying for BDC licences.

Meanwhile, Nigeria’s Naira which opened today’s trading session at N522 per $1 dropped to N520 per $1 as at midday at the parallel market.

Breaking News, Nigerians can now work in Nigeria and get paid in US Dollars, click hereto apply today.

You may be interested

Friendly: Mali Record First Win Against Super Eagles In 49 Years
News
1 views
News
1 views

Friendly: Mali Record First Win Against Super Eagles In 49 Years

Webby - March 26, 2024

The Eagles of Mali defeated Nigeria’s Super Eagles 2-0 in a friendly game in Marrakech, Morocco on Tuesday night.Goals in…

NCC insist on disconnection SIMs SIMs without proper NIN linkage
Business
7 views
Business
7 views

NCC insist on disconnection SIMs SIMs without proper NIN linkage

Webby - March 26, 2024

Nigerian Communications Commission, NCC, has mandated telecommunications operators in the country to disconnect all phone lines of subscribers who have…

Former CFA president sentenced to life imprisonment
News
3 views
News
3 views

Former CFA president sentenced to life imprisonment

Webby - March 26, 2024

A former president of the Chinese Football Association (CFA), Chen Xuyuan has been sentenced to life in prison for bribery,…

Leave a Comment

Your email address will not be published.