Regulatory Alerts2024-11-26 | FMD/DIR/CON/OGC/038/150Implementation of the Bloomberg BMATCH System for Foreign Exchange Trading
The Central Bank of Nigeria announces that authorized dealers will use the Bloomberg BMatch system for foreign exchange trading starting December 2, 2024. All banks participating in the interbank FX market are advised to adopt the system for seamless trading and regulatory monitoring. Banks are urged to acquire the necessary technology, train personnel, and ensure compliance with operational guidelines to facilitate a smooth transition.