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The Central Bank of Nigeria (CBN) has granted Final Licenses to 82 bureaux de change (BDCs) to operate with effect from 27 November 2025. 

The CBN said the licensing was done in exercising its powers conferred under the Bank and Other Financial Institutions Act (BOFIA) 2020 and the Regulatory and Supervisory Guidelines for Bureaux De Change Operations in Nigeria 2024. 

“Only Bureaux De Change listed on the Bank’s website are authorised to operate from the effective date,” CBN said in a statement on Monday. 

According to the statement, the CBN will continue to update the list of bureaux de change with valid operating licences for public verification on its website and advises the general public to avoid dealing with unlicensed foreign exchange operators. 

“For the avoidance of doubt, operating a Bureau De Change business without a valid licence is a punishable offence under Section 57(1) of the Banks and Other Financial Institutions Act (BOFIA) 2020,” the CBN said.

The licensed bureaux de change are:

Tier 1 
1.    Dula Global BDC Ltd 
2.    Trurate Global BDC Ltd 

Tier 2
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 
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 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