The Association of Bureau De Change Operators of Nigeria (ABCON) has instructed its members to operate within the business hours of 8 am to 6 pm or received appropriate sanction
BDCs foreign exchange sub sector had an earlier received directive issued by the Central Bank of Nigeria (CBN) and the National Security Agency (NSA) to licensed Bureau De Change (BDC) operators that their operational business hours must be between 8 am and 6 pm.
The association stated this in it’s memo titled, ‘CBN’s Directive On Opening and Closing Hours of Business’ issued by ABCON to its members on Tuesday, December 10, 2024
ABCON said the directive is with immediate effect, but warned its members that any deviation from these stipulated operating hours will result in sanctions.
It also advised all licensed BDCs operating in airports across the country to abide by the regulations of the Nigeria Civil Aviation Authority (NCAA) on business hours.
The memo from ABCON read, ‘’We wish to bring to your attention on an important directive issued by the Central Bank of Nigeria (CBN) and the National Security Agency (NSA) of the Directive that all licensed Bureaux de Change (BDC) must operate strictly within the operational business hours of 8:00 AM to 6:00 PM, Nigerian time.
‘’This directive is effective immediately, and any deviation from these stipulated operating hours will result in penalties. It is crucial that all members comply with this new regulation to avoid any punitive measures.
