CBN stops issuance of new licenses to BDCs

Total loans in Nigeria's banking sector hits N15.35 trillion, Are PSBs key to Emefiele’s financial inclusion legacy?The Central Bank of Nigeria (CBN) has acknowledged this can henceforth end the licensing of fresh Bureau De Switch (BDC) operators at some stage within the nation. This may no longer be unconnected with the sizable preference of capabilities that the apex bank receives monthly and the reported unlawful actions of some of the foreign substitute dealers. This disclosure turned into […]

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