CBN Governor Cardoso has launched the Nigeria FX Code to enforce ethical practices, transparency, and governance in the FX ...

The Central Bank of Nigeria (CBN) has released a new Foreign Exchange (FX) code aimed at enhancing liquidity, transparency ...

The FX Code is built on six core principles: Ethics, Governance, Execution, Information Sharing, Risk Management and ...

The Central Bank of Nigeria has approved the waiver of the 2025 annual license renewal fee for all existing Bureau De Change operators.This was disclosed in a circular dated January 24, 2025, signed ...

These banks include national lenders like Wema Bank and Stanbic IBTC Holdings. Others have international authorisation, like ...

The Central Bank of Nigeria (CBN) and Deposit Money Banks on Tuesday signed the Nigeria foreign exchange code, signaling a firm ...

The Central Bank of Nigeria, CBN, on Monday released the Nigeria Foreign Exchange (FX) Code as the Naira appreciated against ...

The saying that technology moves faster than regulation will always hold true regardless of the sector. Whether it is ...

The FX Code is backed by the CBN Act of 2007 and the Banks and Other Financial Institutions Act (BOFIA) of 2020, which provide a robust legal framework for imposing sanctions on violators. Cardoso ...

Speaking at the event in Abuja, Cardoso said the FX Code would establish clear and enforceable standards for ethical conduct, ...

Nigeria has renewed its bilateral currency swap agreement with China, six years after the deal was initially struck between both countries.

The value of the naira improved against the US dollar in the foreign exchange market after the Central Bank of Nigeria ...