Recapitalisation: 3m Job Losses Looms As 1,500 BDCs Fail Deadline

As the Central Bank of Nigeria’s (CBN) June 3, 2025 recapitalisation deadline for Bureau De Change (BDC) operators elapsed, about 1,500 BDCs are expected to shut down nationwide, threatening over three million jobs directly and indirectly linked to the sector. Analysts however say the policy marks a clear shift in the CBN’s approach to foreign [...]

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