The Central Bank of Nigeria has launched a new digital platform, the FX BDC Purchase Tracker, to monitor Bureau De Change operators’ foreign exchange purchases in real time.
CBN Launches Digital Tracker to Monitor BDC Forex Transactions
According to P.M. News, the directive was announced in a July 15 circular signed by the CBN’s Director of Trade and Exchange, Aderinola Shonekan. Under the framework, licensed BDCs must report forex purchases through the FXBT portal either instantly or the same day, building on the apex bank’s February 2026 policy allowing eligible BDCs to buy up to $150,000 weekly from authorised dealer banks. The CBN said the system will help detect suspicious transactions and enforce compliance, warning that violations could attract fines, licence suspension, or referral to law enforcement under BOFIA 2020 and the Foreign Exchange Act.
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