CBN-approved ‘Bureau De Change’ operators, BDCs in states
The Central Bank of Nigeria (CBN) has released a list of eligible Bureau De Change (BDC) operators. According to the CBN, all eligible BDCs must strictly adhere to guidelines regarding the sale of foreign exchange to end-users.
As of now, the number of BDCs stands at 5,690, according to CBN data. The directive mandates BDCs to sell to end-users with a margin not exceeding one per cent of the purchase rate from the CBN.
To streamline the process, BDCs are required to make Naira payments to the designated CBN Foreign Currency Deposit Naira Accounts. Subsequently, they are to submit confirmation of payment along with other necessary documentation for disbursement at the designated CBN branches in Abuja, Awka, Lagos, and Kano.
Lagos dominates the foreign exchange market with 2,958 BDC operators, followed by Abuja with 1,179, and Kano with 981.
List of BDCs in Nigeria by State:
- Lagos: 2,958
- Abuja: 1,179
- Kano: 981
- Anambra: 259
- Kaduna: 55
- Abia: 50
- Oyo: 32
- Enugu: 25
- Rivers: 24
- Delta: 21
- Sokoto: 18
- Imo: 15
- Edo: 14
- Borno: 11
- Bauchi: 7
- Kwara: 7
- Plateau: 6
- Ebonyi: 4
- Kebbi: 4
- Niger: 3
- Ogun: 3
- Katsina: 3
- Akwa Ibom: 2
- Cross River: 2
- Gombe: 2
- Kogi: 2
- Bayelsa: 1
- Benue: 1
- Nasarawa: 1
See the full List of Approved BDC Operators in Nigeria.
Unusual Names of Approved BDC Operators in Nigeria:
- CCTV BDC LTD
- Chelsea BDC LTD
- Couple BDC LTD
- Cream BDC LTD
- Cruising BDC LTD
- Day-by-day BDC LTD
- Deadlist BDC LTD
- Decorum BDC LTD
- Deep Freezer BDC LTD
- Divine Focus BDC LTD
- Ephesians-three-twenty BDC LTD
- Four to five BDC LTD
- Fourteen February BDC LTD
- Fullmoon BDC LTD
- Go-well BDC LTD
- Gucci BDC LTD
- Happy Ends LTD
- His Grace BDC LTD
- Home Alone BDC LTD
- Honeymoon BDC LTD
- Hourglass BDC LTD
- In-to-in BDC LTD
- JJC BDC LTD
- Looking and Seeing BDC LTD
- Lovers BDC LTD
- Pros and Cons BDC LTD
- Rice and Beans BDC LTD
- Select and Pay BDC LTD
- Set up BDC LTD
- SIX Six Six BDC LTD
- Slow Down BDC LTD
- You and Me BDC LTD
- Young Free & Single BDC LTD
- Zero to Ten BDC LTD
- 10-20 Times BDC LTD
Check for more names here.
