{"id":7314,"date":"2021-07-30T16:51:25","date_gmt":"2021-07-30T15:51:25","guid":{"rendered":"https:\/\/daviral.ng\/news\/?p=7314"},"modified":"2021-07-30T16:51:25","modified_gmt":"2021-07-30T15:51:25","slug":"cbn-to-refunds-deposits-and-license-fees-to-bdc-promoters","status":"publish","type":"post","link":"https:\/\/daviral.net\/news\/cbn-to-refunds-deposits-and-license-fees-to-bdc-promoters\/","title":{"rendered":"CBN to Refunds Deposits and License Fees To BDC Promoters"},"content":{"rendered":"

CBN<\/a> to refunds deposits and license fees to BDC<\/a> promoters. The Central Bank of Nigeria<\/a> (CBN) has commenced the process of immediate refunding of licensing fees and capital deposits to promoters of bureau de change<\/a>, whose registrations were being processed before Tuesday\u2019s announcement.<\/p>\n

Top 20 Pidgin English Phrases to Use in Nigeria<\/a><\/p>\n

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\"CBNAccording to the circular, this is in furtherance of the decision to discontinue allocation of Foreign Exchange (FX) to BDC<\/a> operators.<\/p>\n

The CBN<\/a> urged eligible promoters of BDCs to forward their application for refund in writing to the Director, Financial Policy and Regulation Department of the Central Bank of Nigeria<\/a>. For CBN<\/a> to refunds deposits and license fees to BDC<\/a> promoters.<\/p>\n

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Read Also; <\/strong>CBN Bans sales of Forex to BDCs<\/a><\/p>\n

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The CBN\u2019s<\/a> move is sequel to Tuesday\u2019s Monetary Policy Committee(MPC) briefing where the apex bank\u2019s Governor, Mr. Godwin Emefiele<\/a> announced a ban on sale of foreign exchange to BDC<\/a> operators forthwith.<\/p>\n

\"CBN<\/p>\n

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You May Like; <\/strong>CBN to Launch Digital Currency on October 1st<\/a><\/p>\n

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The request should be accompanied (with) the Telex copy of the capital deposit of N35million; Account details for the refund which should be the same as the account from which the capital deposit originated from and a copy of the bank draft\/telex for payment of licensing fee of N1 Million(if any).<\/p>\n

Hardcopy of the request in \u20181\u2019 above should be submitted to CBN Head Office, Central Business District, Abuja or CBN Head Office Annex, Tinubu Square, Lagos in an envelope clearly marked \u201cRefund of BDC Capital Deposit\u201d at its top left corner.<\/p>\n

Softcopy of the request in \u20181\u2019 above may be sent in advance of the hard copy to fprdlicensing@cbn.gov.ng.\u201d<\/p><\/blockquote>\n

The CBN<\/a> further directed all deposit money banks (DMBs) to stop accepting instructions from customers to transfer a capital deposit of N35 million to the designated CBN<\/a> account for BDC<\/a> licenses.<\/p>\n

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Leave a Comment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CBN to refunds deposits and license fees to BDC promoters. The Central Bank of Nigeria (CBN) has commenced the process of immediate refunding of licensing fees and capital deposits to promoters of bureau de change, whose registrations were being processed before Tuesday\u2019s announcement. Top 20 Pidgin English Phrases to Use in Nigeria According to the […] More<\/a><\/p>\n","protected":false},"author":21,"featured_media":7292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[453,153,458,457],"reaction":[],"adace-sponsor":[],"class_list":{"0":"post-7314","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bdcs","9":"tag-cbn","10":"tag-deposits-fees","11":"tag-license-fees"},"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/daviral.net\/news\/wp-json\/wp\/v2\/posts\/7314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/daviral.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daviral.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daviral.net\/news\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/daviral.net\/news\/wp-json\/wp\/v2\/comments?post=7314"}],"version-history":[{"count":3,"href":"https:\/\/daviral.net\/news\/wp-json\/wp\/v2\/posts\/7314\/revisions"}],"predecessor-version":[{"id":7317,"href":"https:\/\/daviral.net\/news\/wp-json\/wp\/v2\/posts\/7314\/revisions\/7317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/daviral.net\/news\/wp-json\/wp\/v2\/media\/7292"}],"wp:attachment":[{"href":"https:\/\/daviral.net\/news\/wp-json\/wp\/v2\/media?parent=7314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daviral.net\/news\/wp-json\/wp\/v2\/categories?post=7314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daviral.net\/news\/wp-json\/wp\/v2\/tags?post=7314"},{"taxonomy":"reaction","embeddable":true,"href":"https:\/\/daviral.net\/news\/wp-json\/wp\/v2\/reaction?post=7314"},{"taxonomy":"adace-sponsor","embeddable":true,"href":"https:\/\/daviral.net\/news\/wp-json\/wp\/v2\/adace-sponsor?post=7314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}