The Governor of the Central Bank of Nigeria (CBN), YEMI CARDOSO, says Bureau De Change (BDC) operations in the country should not be an all-comers’ affairs.

He stated this at the Monetary Policy Committee meeting of the apex bank, the first since he assumed office in September 2023.

CARDOSO said that the apex bank is moving to a very aggressive regulatory environment while adding that the CBN will do all in its power to sanitise the market against arbitrage.

The CBN boss also stated that technology will now be deployed for the operations of BDCs and the regulatory exercise will increase competition to drive down prices.