NewsBreakNigeria
USD/NGN 1,331.01GBP/NGN 1,759.40USD/NGN black market ₦1,390GBP/NGN black market ₦1,850EUR/NGN 1,491.75JPY/NGN 8.42CAD/NGN 935.30
USD/NGN 1,331.01GBP/NGN 1,759.40USD/NGN black market ₦1,390GBP/NGN black market ₦1,850EUR/NGN 1,491.75JPY/NGN 8.42CAD/NGN 935.30

Why fintechs are not allowed to trade forex, FMDQ CEO explains

Managing Director and Chief Executive Officer of FMDQ Group, Zeal Akaraiwe has explained why financial technology companies (fintechs) cannot directly trade in Nigeria’s foreign exchange market, citing regulatory…

Aggregated · originally by Nairametrics
9 Oct 2026, 19:01 WAT · 3 min read
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Why fintechs are not allowed to trade forex, FMDQ CEO explains

Managing Director and Chief Executive Officer of FMDQ Group, Zeal Akaraiwe has explained why financial technology companies (fintechs) cannot directly trade in Nigeria’s foreign exchange market, citing regulatory…