An Overview Of The Draft Revised Regulatory And Supervisory Guidelines For Bureau De Change 4 In Nigeria.

On February 23, 2024, the Central Bank of Nigeria (the “CBN”) issued a circular with reference number FPR/DIR/PUB/CIR/002/006. The circular is titled “Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria – Exposure Draft” (the “Draft Guidelines”) and it is directed to all Bureau De Change Operators and Stakeholders in the Financial Services Industry.