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CBN launches FX BDC Purchase Tracker for real-time monitoring of foreign exchange transactionsBanks now enforce stricter compliance measures for BDCs under new regulationsNew rules combat speculation and ensure transparency in Nigeria’s foreign exchange market
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Central Bank of Nigeria (CBN) has introduced a new digital monitoring system to tighten oversight of Bureau De Change (BDC) operators and improve transparency in Nigeria’s foreign exchange market.
In a fresh operational guidance issued on Wednesday, July 15, 2026, to authorised dealer banks and licensed BDCs, the apex bank unveiled the FX BDC Purchase Tracker (FXBT), a centralised electronic platform designed to monitor every dollar transaction from the point a BDC requests foreign exchange until the funds are sold to customers.
CBN unveils new rules for BDCs, releases digital tracker for dollar sales. Credit: CBNSource: Facebook
The move marks another
