CBN Aprroves Only 82 Licensed BDC Operators in Nigeria as New FX Rules Take Effect
Only 82 Bureau De Change (BDC) operators in Nigeria currently possess valid licenses to operate, according to a fresh confirmation issued by the Central Bank of Nigeria (CBN). The clarification came on Monday through the Bank’s spokesperson, Hakama Sidi Ali, following renewed scrutiny over foreign exchange compliance nationwide.
PulseNets learnt that the approvals were granted under the Bank and Other Financial Institutions Act (BOFIA) 2020 and in accordance with the 2024 Regulatory and Supervisory Guidelines governing Bureaux De Change operations across the country.
The CBN disclosed that the latest batch of final licenses took effect on November 27, 2025, stressing that anyone running a BDC business without official authorization is in breach of Section 57 of BOFIA 2020. The Bank emphasised in a clearly worded advisory: “Only the Bureaux De Change listed on the CBN website are permitted to operate from the effective date.”
The apex bank, PulseNets obtained, will continue updating its online list as new approvals or changes occur. Nigerians were also cautioned to avoid patronising unlicensed FX operators, who remain outside regulatory oversight.
Reiterating the legal implications, the Bank warned: “For absolute clarity, engaging in Bureau De Change operations without a valid license is a punishable offence under Section 57(1) of BOFIA 2020. Members of the public are advised to act responsibly and seek verification before engaging any BDC.”
Also Read: CBN Imposes N150m Fine On Banks Releasing New Notes To POS Operators, Others
Below is the updated list of licensed BDC operators released by the CBN:
TIER 1
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DULA GLOBAL BDC LTD
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TRURATE GLOBAL BDC LTD
TIER 2
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ABBUFX BDC LTD
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ACHA GLOBAL BDC LTD
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ARCTANGENT SWIFT BDC LTD
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ASCENDANT BDC LTD
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BARACAI BDC LTD
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BERGPOINT BDC LTD
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BRAVO MODEL BDC LTD
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BRIMESTONE BDC LTD
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BROWNSTON BDC LTD
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BUZZWALLET BDC LTD
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CASHCODE BDC LTD
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CHATTERED BDC LTD
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CHRONICLES BDC LTD
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COOL FOREX BDC LTD
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CORPORATE EXCHANGE BDC LTD
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COURTESY CURRENCY BDC LTD
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DANYARO BDC LTD
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DASHAD BDC LTD
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DEVAL BDC LTD
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DFS BDC LTD
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EASY CASH BDC LTD
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ELELEM BDC LTD
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E-LIOYDS BDC LTD
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ELOGOZ BDC LTD
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ENOUF BDC LTD
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EVER JOJ GOLD BDC LTD
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EXCEL RIJIYA FOREX BDC LTD
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FABFOREX BDC LTD
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FELLOM BDC LTD
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FINE BDC LTD
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FOMAT BDC LTD
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GENELO BDC LTD
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GENTLE BREEZE BDC LTD
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GRACEFUL GLORY AND HUMILITY BDC LTD
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GREENGATE BDC LTD
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GREENVAULT BDC LTD
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HAZON CAPITAL BDC LTD
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HIGH-POINT BDC LTD
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I & I EXCHANGE BDC LTD
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IBN MARYAM BDC LTD
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JOURNEY WELL BDC LTD
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KEEPERS BDC LTD
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KHADHOUSE SOLUTIONS BDC LTD
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KIMMELFX BDC LTD
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KINGSOFT ATLANTIC BDC LTD
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M.S. ALHERI BDC LTD
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MASTERS BDC LTD
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MCMENA BDC LTD
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MKOO BDC LTD
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MKS BDC LTD
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MR J GOLF BDC LTD
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MUSDIQ BDC LTD
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MZ FOREX BDC LTD
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NEJJ BDC LTD
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NETVALUE BDC LTD
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NEW WAVE BDC LTD
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NOTABLE AND KINGSTON BDC LTD
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PILCROW BDC LTD
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RAPID BDC LTD
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RIGHTWAY BDC LTD
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RWANDA BDC LTD
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SABLES BDC LTD
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SAFETRANZ BDC LTD
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SAMFIK BDC LTD
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SEVENLOCKS BDC LTD
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SHAPEARL BDC LTD
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SIMTEX BDC LTD
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SOLID WHITE BDC LTD
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ST. NICHOLAS GLOBAL BDC LTD
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TOPFIRST UNIQUE MULTICHOICE BDC LTD
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TOPGATE BDC LTD
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TRAVELLER’S CHOICE BDC LTD
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TUCA GLOBAL BDC LTD
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TURBOVA BDC LTD
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TURN-UP BDC LTD
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UNIGO BDC LTD
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VICTORY AHEAD BDC LTD
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WHITEWAY WWW BDC LTD
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YUND GLOBAL LINK BDC LTD
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ZAMAD FOREX BDC LTD
