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Nigeria Bars Fintechs From Forex

Nigeria's FMDQ CEO Explains Why Fintechs Are Barred From Forex Trading

Unverified — auto-generated summary, not yet reviewedPolicy & RegulationNigeriaOct 10, 2026

FMDQ CEO has publicly articulated the rationale for excluding fintech operators from direct participation in Nigeria's foreign exchange trading market. The explanation clarifies a key structural constraint for Nigerian fintechs building cross-border payment and currency products.

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