Nigeria’s central bank (CBN) introduces a centralised digital system, the FX BDC Purchase Tracker, to monitor bureau de change (BDC) purchases of foreign exchange in real time. Multiple reports state that the tracker is designed to improve transparency and strengthen regulatory compliance across Nigeria’s BDC segment. The CBN’s initiative is presented as part of broader efforts to ensure BDC operators follow established procedures for buying and handling dollars, and to reduce room for irregular practices. According to the sources, the system helps the regulator track transactions more effectively as they occur, rather than relying on delayed reporting or manual processes. The reports also describe the move as aimed at curbing speculation in the forex market and promoting better oversight. While the outlets differ slightly in emphasis—one focusing on the tracker’s centralised monitoring and the other on the new rules for BDCs—the core points remain consistent: the CBN is implementing a digital tracking framework for BDC dollar purchases and is reinforcing compliance expectations for operators.