CBN to refund capital deposits, licensing fees to Bureaux De Change

The Central Bank of Nigeria has said that it will commence an immediate refund of all outstanding minimum capital deposits and licence fees to Bureaux De Change promoters with the pending licence applications. Starnews Nigeria reports that the apex bank said this in a circular released on Thursday. The action is coming after the apex bank Governor, Godwin Emefiele had said during the Monetary Policy Committee meeting on Tuesday that it will no longer sell foreign exchange to Bureau De Change operators. It said in the circular, “Further to the Monetary Policy Committee (MPC) briefing of July 27, 2021, the Central Bank of

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