The recent launch of the Nigeria Foreign Exchange Code (FX Code) by the Central Bank of Nigeria (CBN) signals a new era in ...

The FX Code, therefore, serves as an official directive that all market participants are expected to observe in their operations. As part of compliance requirements, market participants must conduct a ...

In its craving for best practices in the financial sector, the Central Bank of Nigeria (CBN) officially launched the foreign ...

The introduction of the FX Code comes at a time when Nigeria’s foreign exchange market has faced serious challenges. These include speculative trading, price manipulation, and concerns over market ...

It lauded the directive of the CBN governor to bank executives on the bank’s zero tolerance for infractions, saying that any institution that violates the FX code would face decisive sanctions.

Doha Bank is the first bank in Qatar to commit to the FX Global Code, reaffirming its leadership in promoting integrity, ...

CBN announced the deadline extension on Monday, February 3, 2025, allowing eligible operators to access the official window ...

Nigeria's foreign exchange reserves have declined by $1.19 billion as the Central Bank of Nigeria (CBN) battles to stabilise ...

The Association of Bureau de Change Operators of Nigeria (ABCON) has expressed joy following the deadline extension by the ...

Young The Nigeria Employers’ Consultative Association, NECA, has commended the Central Bank of Nigeria, CBN, for the launch of the Nigerian Foreign Exchange, FX, Code, describing it as a strategic ...

The naira has strengthened on all foreign exchange (FX) markets over the last two days after the Central Bank of Nigeria ...