The Central Bank of Nigeria (CBN) has announced that only 82 Bureau De Change (BDC) operators currently hold valid licenses to operate in the country.
The confirmation was contained in a statement issued on Monday by the Bank’s spokesperson, Hakama Sidi Ali.
According to the apex bank, the approvals were granted under its mandate as provided by the Bank and Other Financial Institutions Act (BOFIA) 2020 and the 2024 Regulatory and Supervisory Guidelines for Bureaux De Change Operations.
The CBN disclosed that the final batch of licenses became effective on November 27, 2025, and warned that operating a BDC without proper authorization violates Section 57 of BOFIA 2020.
“By this notice, only Bureaux De Change listed on the Bank’s website are authorized to operate from the effective date,” the statement read.
The apex bank added that the list of licensed operators will be updated regularly on its website, urging Nigerians to avoid dealing with unregistered foreign exchange dealers.
“For the avoidance of doubt, operating a Bureau De Change business without a valid license is a punishable offense under Section 57(1) of BOFIA 2020. Members of the public are hereby advised to note and be guided accordingly,” the Bank cautioned.
Full List of Licensed BDCs
TIER 1
- DULA GLOBAL BDC LTD
- TRURATE GLOBAL BDC LTD
TIER 2
- ABBUFX BDC LTD
- ACHA GLOBAL BDC LTD
- ARCTANGENT SWIFT BDC LTD
- ASCENDANT BDC LTD
- BARACAI BDC LTD
- BERGPOINT BDC LTD
- BRAVO MODEL BDC LTD
- BRIMESTONE BDC LTD
- BROWNSTON BDC LTD
- BUZZWALLET BDC LTD
- CASHCODE BDC LTD
- CHATTERED BDC LTD
- CHRONICLES BDC LTD
- COOL FOREX BDC LTD
- CORPORATE EXCHANGE BDC LTD
- COURTESY CURRENCY BDC LTD
- DANYARO BDC LTD
- DASHAD BDC LTD
- DEVAL BDC LTD
- DFS BDC LTD
- EASY CASH BDC LTD
- ELELEM BDC LTD
- E-LIOYDS BDC LTD
- ELOGOZ BDC LTD
- ENOUF BDC LTD
- EVER JOJ GOLD BDC LTD
- EXCEL RIJIYA FOREX BDC LTD
- FABFOREX BDC LTD
- FELLOM BDC LTD
- FINE BDC LTD
- FOMAT BDC LTD
- GENELO BDC LTD
- GENTLE BREEZE BDC LTD
- GRACEFUL GLORY AND HUMILITY BDC LTD
- GREENGATE BDC LTD
- GREENVAULT BDC LTD
- HAZON CAPITAL BDC LTD
- HIGH-POINT BDC LTD
- I & I EXCHANGE BDC LTD
- IBN MARYAM BDC LTD
- JOURNEY WELL BDC LTD
- KEEPERS BDC LTD
- KHADHOUSE SOLUTIONS BDC LTD
- KIMMELFX BDC LTD
- KINGSOFT ATLANTIC BDC LTD
- M.S. ALHERI BDC LTD
- MASTERS BDC LTD
- MCMENA BDC LTD
- MKOO BDC LTD
- MKS BDC LTD
- MR J GOLF BDC LTD
- MUSDIQ BDC LTD
- MZ FOREX BDC LTD
- NEJJ BDC LTD
- NETVALUE BDC LTD
- NEW WAVE BDC LTD
- NOTABLE AND KINGSTON BDC LTD
- PILCROW BDC LTD
- RAPID BDC LTD
- RIGHTWAY BDC LTD
- RWANDA BDC LTD
- SABLES BDC LTD
- SAFETRANZ BDC LTD
- SAMFIK BDC LTD
- SEVENLOCKS BDC LTD
- SHAPEARL BDC LTD
- SIMTEX BDC LTD
- SOLID WHITE BDC LTD
- ST. NICHOLAS GLOBAL BDC LTD
- TOPFIRST UNIQUE MULTICHOICE BDC LTD
- TOPGATE BDC LTD
- TRAVELLER’S CHOICE BDC LTD
- TUCA GLOBAL BDC LTD
- TURBOVA BDC LTD
- TURN-UP BDC LTD
- UNIGO BDC LTD
- VICTORY AHEAD BDC LTD
- WHITEWAY WWW BDC LTD
- YUND GLOBAL LINK BDC LTD
- ZAMAD FOREX BDC LTD