The Central Bank of Nigeria (CBN) has approved the release of the Nigerian Foreign Exchange (FX) Code, aimed at promoting ethical conduct among authorised dealers in the country’s FX market.
In a statement, the apex bank confirmed that the Code would serve as a guideline for the banking industry, ensuring adherence to best practices in the FX market.
“The Central Bank of Nigeria has approved the release of the Nigerian Foreign Exchange (FX) Code as a guideline to the banking industry to promote the ethical conduct of authorised dealers in the Nigerian Foreign Exchange Market,” the statement read.
The formal launch of the Code is scheduled to take place on Tuesday, January 28, 2025, at the CBN Head Office Auditorium in Abuja.
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