Abuja – The Central Bank of Nigeria (CBN) has approved the release of the Nigerian Foreign Exchange (FX) Code, a set of guidelines aimed at promoting ethical conduct among authorized dealers in the country’s FX market.
The apex bank announced that the Code will be formally launched next week, on Tuesday, January 28, 2025, at the CBN Head Office Auditorium in Abuja.
According to the CBN, the Code will serve as a crucial framework for ensuring transparency and ethical practices within the Nigerian FX market.
CBN said: “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 Bank will formally launch the Code at the CBN Head Office Auditorium, Abuja, on Tuesday, January 28, 2025.”
