The Central Bank of Nigeria (CBN) said it has intensified efforts to build a more transparent, resilient, and professionally managed foreign exchange market through a two-day capacity-building programme for newly licensed Bureau de Change (BDC) operators. The programme was held in Lagos, according to its June 2026 bulletin.
Coordinated by the Financial Policy and Regulation Department (FPR) with other key Departments, the engagement was designed to enhance understanding of the Revised Regulatory and Supervisory Guidelines for BDC Operations, 2024, and to ensure effective implementation across the industry.
The Director, FPR, Dr Rita Sike, described the programme as a major step towards advancing reforms to promote transparency, strengthen oversight, and improve market conduct in the foreign exchange market. She emphasised that the new generation of licensed operators offers an opportunity to raise standards and build public confidence in the sector.
READ ALSO: South Africa Plans 36 Million Barrels Petrol Reserve In 56 Years Dr Sike also stressed the importance of compliance, noting that it is essential not only for meeting regulatory requirements but also for maintaining the integrity and stability of Nigeria’s financial system.