Nigeria’s Apex Bank Approves BDC’s Operators in States

By Goodluck B Ikiebe

The Central Bank of Nigeria (CBN) has published a roster of eligible Bureaux De Change (BDCs) operators.
The apex bank emphasized that all eligible BDCs must adhere rigorously to guidelines governing the sale of foreign exchange to end-users.

The bank directed BDCs to sell foreign exchange to end-users with a margin not exceeding one percent of the purchase rate from the CBN.

The 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

Some of the 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