In a statement released on Wednesday, the Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, described reports of a deadline shift to December 31, 2025, as false and misleading. She urged the public and all stakeholders to disregard the circulating information.
“There has been no extension of the recapitalisation deadline for BDC operators beyond June 3, 2025,” she stated, reaffirming the CBN’s commitment to transparency and regulatory clarity.
Mrs. Sidi Ali further advised journalists, media organisations, and the public to rely solely on official sources—such as the CBN’s website and verified communication channels—for accurate updates on regulatory policies and directives.
The recapitalisation mandate is part of a broader effort introduced by the apex bank in February 2024 to reform Nigeria’s foreign exchange landscape.
