N9raforex is an android APP designed to enhance the visibility of the Bureau de Change (BDC) in Nigeria by allowing them to display on a daily base their various currencies rates paired with the Naira.
It’s a decision making tools for bureaux de change, other forex actors operating within Nigeria and, their various customers. By allowing customers to assess and compare various quotes before contacting the seller.
The App was released in June 2018 on Google Play store and the download is absolutely free.
On Tuesday 16th of October 2018, Daitrans Logistics organized a training Workshop for financial system regulatory agencies with the following topic: “digital solution for the exchange rate policy, transparency and supervision in the forex market BDCs Segment”.
During the session, n9raforex android app and it web based platform; the NMB (n9raforex Monitoring Board) were introduced to Financial regulators. The android app for the use of BDCs and other Public users while the NMB is meant to be used by regulatory bodies.
The program was well attended by participants from Security Exchange Commission (SEC), Nigeria Financial Intelligence Unit (NFIU) and other relevant institutions.