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Home Economy Finance

CBN Approves Release Of FX Code

by Destiny Eseaga
January 24, 2025
in Finance
0
CBN Raises Interest Rate to 27.5% to Tackle Inflation, Stabilise Economy
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The Central Bank of Nigeria (CBN) has said it has approved the release of the Nigerian Foreign Exchange (FX) Code.

The apex bank also announced that the Code would be formally launched next week in Abuja.

According to CBN in a statement, the Code serves as a guideline to the banking industry to promote the ethical conduct of authorised dealers in the country’s 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.”

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Author

  • Destiny Eseaga

    My name is Destiny Eseaga, a communication strategist, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader world context. My passion lies in the world of finance, particularly, capital markets, investment banking, market intelligence, etc

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Destiny Eseaga

Destiny Eseaga

My name is Destiny Eseaga, a communication strategist, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader world context. My passion lies in the world of finance, particularly, capital markets, investment banking, market intelligence, etc

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