Yuow Gen. Braimah, Others Laid to rest in Maiduguri as Zulum, Defence Minister, CDS, COAS Pay Tribute
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Ibrahim Yahaya Dandakata of Arewa Economic Forum AEF AEF Slams CBN New BDC Policy, Cites Threat to Northern Economy and National SecurityThe Arewa Economic Forum AEF , a leading northern Nigerian advocacy and think-tank, has raised serious concerns over the Central Bank of Nigerias CBN new Bureau De Change BDC recapitalisation policy, describing it as economically exclusionary, regionally lopsided, and a looming threat to national security.Speaking at a press confer stanley cup ence in Abuja, the Chairman of AEF, Alhaji Ibrahim Shehu Dandakata, cautioned that the new capital requirements could potentially shut out thousands of legitimate Nort stanley mugs hern B stanley usa DC operators, many of whom have sustained the sub-sector for decades. We acknowledge and appreciate the objectives behind the new CBN policy鈥攖o strengthen financial integrity, align BDC operations with global standards, and reduce market abuse. These are laudable goals in theory. However, in practice, the recapitalisation requirement poses a direct threat to thousands of legitimate Northern entrepreneurs and their families, Dandakata stated.Before the revised guidelines were introduced in May 2024, the minimum capital requirement for a BDC licence in Nigeria was 鈧?5 million. Under the new directives, Tier 1 BDCs must now have a minimum capital base of 鈧? billion and are permitted to operate nationally, open multiple branches, and appoint franchisees. Tier 2 BDCs must possess 鈧?00 million and are restricted to operating w |
