The value of the dollar has depreciated significantly in the official and unofficial foreign exchange marketsNew data showed ...

The Global Foreign Exchange Committee (GFXC) has published the updated version of the FX Global Code of Conduct (dated December 2024), ...

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 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 ...

Recently, the Naira has appreciated to ₦1,640 per dollar in the parallel market, strengthening from ₦1,655 recorded on Monday ...

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

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

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.

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 ...