The Central Bank of Nigeria (CBN) has approved the release of the Nigerian Foreign Exchange (FX) Code. The code, which will be formally launched next week in Abuja, aims to guide the banking industry in promoting ethical conduct among authorised dealers in the FX market.

CBN stated that the Code is designed to enhance transparency and integrity in Nigeria’s foreign exchange market, ensuring that all participants adhere to ethical standards in their operations.

The official launch of the FX Code is scheduled for Tuesday, January 28, 2025, at the CBN Head Office Auditorium in Abuja.

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