Tag: licences

See full list of the 4,173 BDC operators whose licences were revoked by the CBN

Bode DoluLeave a Comment on See full list of the 4,173 BDC operators whose licences were revoked by the CBN

Central Bank of Nigeria (CBN) on Friday revoked the licenses of 4,173 Bureaux De Change (BDC) Operators, accusing the affected institutions of failing to observe regulatory provisions. The move is part of efforts to restore confidence in the nation’s foreign exchange market, according to the apex bank. See below the full list of the affected […]

Continue Reading

CBN revokes 4,173 Bureau De Change operators’ licences

Bode DoluLeave a Comment on CBN revokes 4,173 Bureau De Change operators’ licences

Central Bank of Nigeria (CBN), on Friday, revoked the licences of 4,173 Bureau De Change operators over their failure to meet regulatory guidelines. The apex bank disclosed this in a statement by its acting Director, Corporate Communications, Sidi Hakama. This means there will now be 1,517 operational BDCs from the initial 5,690. In the CBN […]

Continue Reading

Buhari restores ownership of four oil blocks back to NNPC, annuls revocation of the licences

Bode DoluLeave a Comment on Buhari restores ownership of four oil blocks back to NNPC, annuls revocation of the licences

Nigerian President, Muhammadu Buhari, on Friday, approved the restoration of the leases on four Oil Mining Licences OMLs 123, 124, 126 and 137 to the Nigerian National Petroleum Corporation. The Department of Petroleum Resources (DPR) had on March 30, 2021, revoked the licences belonging to the federation. Garba Shehu, Senior Special Assistant to the President […]

Continue Reading