CBN Approves 82 New BDCs, Warns Against Unlicensed Forex Operators

5 Min Read
  • CBN grants final operating approval to 82 Bureau De Change operators.

  • Licences take effect under the revised 2024 BDC regulatory guidelines.

  • Nigerians urged to verify BDC status and avoid unregistered forex dealers.

The Central Bank of Nigeria (CBN) has issued final operating licences to 82 Bureau De Change (BDC) operators under its updated regulatory framework, while cautioning Nigerians against patronising unlicensed forex dealers.

In a statement released on Monday and signed by the Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank said the approvals became effective on November 27, 2025, in line with the 2024 Regulatory and Supervisory Guidelines for BDC Operations.

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The bank emphasised that only BDCs listed on its official website are recognised as duly licensed operators and urged the public to verify the status of any forex dealer before carrying out transactions.

The CBN subsequently published the full list of the 82 newly approved BDCs, grouped into Tier 1 and Tier 2 categories.

TIER 1 (2)

1. Dula Global BDC Ltd

2. Trurate Global BDC Ltd

TIER 2 (80)

1. Abbufx BDC Ltd

2. Acha Global BDC Ltd

3. Arctangent Swift BDC Ltd

4. Ascendant BDC Ltd

5. Baracai BDC Ltd

6. Bergpoint BDC Ltd

7. Bravo Model BDC Ltd

8. Brimestone BDC Ltd

9. Brownston BDC Ltd

10. Buzzwallet BDC Ltd

11. Cashcode BDC Ltd

12. Chattered BDC Ltd

13. Chronicles BDC Ltd

14. Cool Forex BDC Ltd

15. Corporate Exchange BDC Ltd

16. Courtesy Currency BDC Ltd

17. Danyaro BDC Ltd

18. Dashad BDC Ltd

19. Deval BDC Ltd

20. DFS BDC Ltd

21. Easy Cash BDC Ltd

READ ALSO: CBN Reviews Cash Withdrawal Rules, Enforces New Fees in January 2026

22. Elelem BDC Ltd

23. E-Lioyds BDC Ltd

24. Elogoz BDC Ltd

25. Enouf BDC Ltd

26. Ever Joj Gold BDC Ltd

27. Excel Rijiya Forex BDC Ltd

28. Fabforex BDC Ltd

29. Fellom BDC Ltd

30. Fine BDC Ltd

31. Fomat BDC Ltd

32. Genelo BDC Ltd

33. Gentle Breeze BDC Ltd

34. Graceful Glory and Humility BDC Ltd

35. Greengate BDC Ltd

36. Greenvault BDC Ltd

37. Hazon Capital BDC Ltd

38. High-Point BDC Ltd

39. I & I Exchange BDC Ltd

40. Ibn Maryam BDC Ltd

 

 

41. Journey Well BDC Ltd

 

 

42. Keepers BDC Ltd

 

 

43. Khadhouse Solutions BDC Ltd

 

 

44. Kimmelfx BDC Ltd

 

 

45. Kingsoft Atlantic BDC Ltd

 

 

46. M.S. Alheri BDC Ltd

 

 

47. Masters BDC Ltd

 

 

48. Mcmena BDC Ltd

 

 

49. Mkoo BDC Ltd

 

 

50. Mks BDC Ltd

 

 

51. Mr J Golf BDC Ltd

 

 

52. Musdiq BDC Ltd

 

 

53. MZ Forex BDC Ltd

 

 

54. Nejj BDC Ltd

 

 

55. Netvalue BDC Ltd

 

 

56. New Wave BDC Ltd

 

 

57. Notable and Kingston BDC Ltd

 

 

58. Pilcrow BDC Ltd

 

 

59. Rapid BDC Ltd

 

 

60. Rightway BDC Ltd

 

 

61. Rwanda BDC Ltd

 

 

62. Sables BDC Ltd

 

 

63. Safetranz BDC Ltd

 

 

64. Samfik BDC Ltd

 

 

65. Sevenlocks BDC Ltd

66. Shapearl BDC Ltd

67. Simtex BDC Ltd

68. Solid White BDC Ltd

69. St. Nicholas Global BDC Ltd

70. Topfirst Unique Multichoice BDC Ltd

71. Topgate BDC Ltd

72. Traveller’s Choice BDC Ltd

73. Tuca Global BDC Ltd

74. Turbova BDC Ltd

75. Turn-Up BDC Ltd

76. Unigo BDC Ltd

77. Victory Ahead BDC Ltd

78. Whiteway WWW BDC Ltd

79. Yund Global Link BDC Ltd

80. Zamad Forex BDC Ltd

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