2024-02-26 | FMD/DIR/CON/OGC/035/141

Mandatory Reporting of Foreign Exchange Transactions

The Central Bank of Nigeria has implemented a Forex Blotter reporting system for monitoring foreign exchange transactions. All authorized dealers must input their transactions in real time through API calls into the CBN FX Blotter reporting system by 7 pm on the transaction date. Non-compliance will result in penalties, including potential suspension from the Foreign Exchange Market.

Nigeria

Central Bank of Nigeria

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