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flag Nigeria's Central Bank extends BDC recapitalization deadline to June 2025 due to low compliance.

flag The Central Bank of Nigeria (CBN) has extended the deadline for Bureau De Change (BDC) operators to recapitalize from December 2024 to June 2025 due to low compliance. flag Existing BDC operators must meet minimum capital requirements, with Tier 1 needing N2 billion and Tier 2 needing N500 million. flag The extension aims to ease the financial burden on operators struggling to meet these new requirements.

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