Bureau De Change (BDC) operators under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have hinted at the possibility of mergers, acquisitions, and takeovers by their members to meet the new capital requirement set by the Central Bank of Nigeria (CBN).
There has been a lot of anxiety in the sector recently as the fate of most of the licensed Bureau De Change (BDC) operators hangs in the air, unless the June 3, 2025, recapitalization deadline is further extended.
Fidelity Bank Plc started its N127.1 billion combined rights and public offers to rousing support from the investing public as key capital market stakeholders recalled the symbolic importance of Fidelity Bank's impressive growth and investor-friendly disposition over the years.
Fidelity Bank has shown resilience in its financial performance, but now faces a critical test: navigating the challenging terrain of the new Central Bank of Nigeria (CBN) recapitalization requirements.
