Lagos - The deadline given to Bureau De Change (BDC) operators in the country to comply with the new N35 million capital requirements for the industry has been extended by the Central Bank of Nigeria.
The new deadline is now July 31 from the initial July 15 date, reports Leadership.
The extension by the apex bank follows representations made to it by various stakeholders and the outcries by bureau de change operators that they were given a short period for recapitalization exercise.
The bank said after the expiration of the deadline, only bureau de change that meet the requirements will qualify to be engaged as agents by the licensed International Money Transfer Operators for inward and outward money transfer business in Nigeria.
Read more at Leadership.
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