Naira: CBN announces fresh FX code, demands compliance from banks, BDCs, others …C0NTINUE READING HERE >>>
The Central Bank of Nigeria has announced a fresh Foreign Exchange Code as guidelines to legible players in the country’s FX market to stabilize the Naira.
The FX code was contained in a document released on CBN’s official website on Thursday, October 3, 2024.
According to the apex bank, the FX code will regulate Nigeria’s financial system and supervise the foreign exchange market in line with global best practices.
CBN noted that the fresh FX Code is organized around six principles, including ethics, governance, execution, risk management and compliance, information sharing and…
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