Nigeria's Central Bank (CBN) has directed Bureau De Change (BDC) operators to sell any unutilised foreign exchange (FX) balances to the Nigerian Foreign Exchange Market (NFEM) within 24 hours, with potential confiscation of unutilised funds.

Nigeria's Central Bank (CBN) has released new operational guidelines for Bureau De Change (BDC) forex purchases from banks, introducing a tracking portal and allowing BDCs to buy foreign exchange from any authorized dealer bank without exclusivity arrangements.

Nigerian Representatives are calling for a crackdown on ransom financing and tighter oversight of Bureau de Change (BDC) and Point of Sale (POS) operators. This initiative aims to address financial irregularities and security concerns.