No Future for BDCs As E-Naira Arrives And Central Bank of Nigeria Goes Retail

I will not write much here to avoid stress on some people. But let me tell everyone that the Central Bank of Nigeria (CBN) is planning a huge redesign in the architecture of the financial systems in Nigeria. From my analysis of what is happening, this is the destination: the government wants clear visibility on financial flows in the nation. This is going to become a new dawn in Nigeria. And I think it is a good playbook. The abolition of the bureau de change is necessary for the upcoming rise of e-Naira. Largely, there is nothing BDCs do that … Continue reading No Future for BDCs As E-Naira Arrives And Central Bank of Nigeria Goes Retail