Nigeria, June 13 -- The Central Bank of Nigeria (CBN) has dismissed media reports claiming it has extended the deadline for Bureau De Change (BDC) operators to meet new capital requirements until 31 December.

In a statement issued on Wednesday, the bank described the reports as "false" and "misleading," insisting that the official deadline remains 3 June.

"The Central Bank of Nigeria has debunked a news story in circulation suggesting that the Bank has extended the deadline for the recapitalisation of Bureau De Change operators to December 31, 2025," said the CBN's Acting Director of Corporate Communications, Hakama Sidi-Ali.

"The bank has not granted any such extension beyond the previously communicated deadline of June 3, 2025."

The...