The saying that technology moves faster than regulation remains universally true, regardless of the sector. Whether in ...

The Central Bank of Nigeria (CBN) on Tuesday in Abuja launched the Nigeria Foreign Exchange (FX) Code, designed ...

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

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

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

CBN directed participants in the foreign exchange market to submit compliance reports on adherence to the Nigeria FX Code by ...

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 ...

Nigeria’s leading commercial bank, Sterling Bank Limited, has petitioned the Inspector General of Police (IGP) to address a ...

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

The CBN has directed foreign currency market participants to submit compliance reports outlining their adherence to the ...

The Central Bank of Nigeria has granted a waiver to authorized Bureau De Change operators on the 2025 non-refundable annual license renewal. The apex bank ...

The Central Bank Governor Olayemi Cardoso has announced that the forensic verification of the $7 billion FX backlogs is nearing ...