According to the Central Bank of Nigeria (CBN): “Central Bank of Nigeria (CBN) unveils guidelines on Electronic Foreign Exchange Matching System (EFEMS) to ensure transparency, fairness, and compliance in FX trading. Minimum tradable amount set at $100,000.
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| Central Bank of Nigeria (CBN) |
“The CBN transitions FX trading to Bloomberg BMatch, promising enhanced transparency, fair pricing and operational efficiency, effective December 2, 2024.
“CBN says the Bloomberg BMatch platform will boost market integrity, enhance price discovery, and ensure seamless FX trading among participants.”
See below – Guidelines for the Electronic Foreign Exchange Matching System (EFEMS):
Central Bank of Nigeria (CBN) unveils guidelines on Electronic Foreign Exchange Matching System (EFEMS) to ensure transparency, fairness, and compliance in FX trading. Minimum tradable amount set at $100,000. pic.twitter.com/DnKEpU4qij
— Central Bank of Nigeria (@cenbank) November 27, 2024
