Nigeria's New FX Tracker Targets BDCs | Nigeria News

Nigeria’s Central Bank just rolled out a real-time FX BDC Purchase Tracker to overhaul the foreign exchange market, forcing licensed Bureau De Change operators to report every foreign currency purchase instantly — no more delays or secrecy. This tech-driven crackdown, part of a broader policy shift since last February, aims to eliminate speculation, boost transparency, and stabilize the naira by ensuring full visibility and accountability. Non-compliance? Big penalties. The move signals a serious push toward a cleaner, more reliable forex system. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8e41c9b37d4cc9bc