The Central Bank of Nigeria (CBN) has announced its approval of the Nigerian Foreign Exchange (FX) Code.
In a statement, the apex bank revealed that the Code would be officially launched next week in Abuja.
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The CBN explained that the FX Code provides guidelines for the banking sector to promote ethical practices among authorized dealers in the country’s foreign exchange 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.”