CBN Approves 82 Licensed BDCs in Nigeria: Full List of Best Bureaux de Change 2025

The Central Bank of Nigeria (CBN) in exercise of it's powers conferred under the Bank and other financial Institutions Act (BOFIA) 2020, and the Regulatory and Supervisory Guidelines for Bureaux De Change Operations in Nigeria,  has granted final licenses to 82 Bureaux de Change (BDCs), to operate with effect from November 27, 2025. These approved BDCs represent the only authorized forex operators in Nigeria, helping individuals and businesses access reliable foreign exchange services amid Naira fluctuations. Choosing a licensed BDC ensures compliance, security, and competitive rates for dollar to naira conversions.

Why CBN's New BDC License Matters for Forex Trading

CBN's revised guidelines introduce stricter capital requirements, KYC/AML protocols, and transaction limits to curb speculation and enhance market stability. Tier 1 BDCs like Dula Global and Trurate Global meet the highest standards for large-scale operations, while Tier 2 operators serve retail needs. For Nigerians seeking "best BDCs in Nigeria 2025" or "CBN licensed BDC near me," this list eliminates risks from illegal operators, punishable under Section 57(1) of The Banks and Other Financial institutions Act (BOFIA) 2020.

Full List of CBN Licensed BDCs 2025

Verify providers on www.cbn.gov.ng before transacting to avoid scams.

Tier 1 BDCs (Premium Forex Providers)

1. Dula Global BDC Ltd
2. Trurate Global BDC Ltd

Tier 2 BDCs (Reliable Retail Options)

1. Abbufx BDC Ltd
2. Acha Global BDC Ltd
3. Arctangent Swift BDC Ltd
4. Ascendant BDC Ltd
5. Baracai BDC Ltd
6. Bergpoint BDC Ltd
7. Bravo Model BDC Ltd
8. Brimestone BDC Ltd
9. Brownston BDC Ltd
10. Buzzwallet BDC Ltd
11. Cashcode BDC Ltd
12. Chattered BDC Ltd
13. Chronicles BDC Ltd
14. Cool Forex BDC Ltd
15. Corporate Exchange BDC Lt
16. Courtesy Currency BDC Ltd
17. Danyaro BDC Ltd
18. Dashad BDC Ltd
19. Deval BDC Ltd
20. DFS BDC Ltd
21. Easy Cash BDC Ltd
22. Elelem BDC Ltd
23. E-Lioyds BDC Ltd
24. ElogoZ BDC Ltd
25. Enouf BDC Ltd
26. Ever Joj Gold BDC Ltd
27. Excel Rijiya Forex BDC Ltd
28. Fabforex BDC Ltd
29. Fellom BDC Ltd
30. Fine BDC Ltd
31. Fomat BDC Ltd
32. Genelo BDC Ltd
33. Gentle Breeze BDC Ltd
34. Graceful Glory and Humility BDC Ltd
35. Greengate BDC Ltd
36. Greenvault BDC Ltd
37. Hazon Capital BDC Ltd
38. High-Point BDC Ltd
39. I & I Exchange BDC Ltd
40. Ibn Maryam BDC Ltd
41. Journey Well BDC Ltd
42. Keepers BDC Ltd
43. Khadhouse Solutions BDC Ltd
44. Kimmelfx BDC Ltd
45. Kingsoft Atlantic BDC Ltd
46. M.S. Alheri BDC Ltd
47. Masters BDC Ltd
48. Mcmena BDC Ltd
49. Mkoo BDC Ltd
50. Mks BDC Ltd
51. Mr J Golf BDC Ltd
52. Musdiq BDC Ltd
53. MZ Forex BDC Ltd
54. Nejj BDC Ltd
55. Netvalue BDC Ltd
56. New Wave BDC Ltd
57. Notable and Kingston BDC Ltd
58. Pilcrow BDC Ltd
59. Rapid BDC Ltd
60. Rightway BDC Ltd
61. Rwanda BDC Ltd
62. Sables BDC Ltd
63. Safetranz BDC Lt
64. Samfik BDC Ltd
65. Sevenlocks BDC Ltd
66. Shapeearl BDC Ltd
67. Simtex BDC Ltd
68. Solid White BDC Ltd
69. St. Nicholas Global BDC Ltd
70. Topfirst Unique Multichoice BDC Ltd
71. Topgate BDC Ltd
72. Travellers Choice BDC Ltd
73. Tuca Global BDC Ltd
74. Turbova BDC Ltd
75. Turn-Up BDC Ltd
76. Unigo BDC Ltd
77. Victory Ahead BDC Ltd
78. Whiteway WWW BDC Ltd
79. Yund Global Link BDC Ltd
80. Zamad Forex BDC Ltd

How to Choose Top BDCs for Dollar to Naira Exchange

Prioritize CBN-licensed BDCs with strong compliance for safe forex trades, especially for importers, travelers, or remittances. Compare rates at Tier 1 firms for bulk deals and Tier 2 for quick cash exchanges, always checking CBN's site for updates. This approval boosts trust in Nigeria's BDC sector, aligning with economic reforms under President Trump's global influence.