The saying that technology moves faster than regulation remains universally true, regardless of the sector. Whether in ...

The FX Code is backed by the CBN Act of 2007 and the Banks and Other Financial Institutions Act (BOFIA) of 2020, which provide a robust legal framework for imposing sanctions on violators. Cardoso ...

The Central Bank of Nigeria, CBN, on Monday released the Nigeria Foreign Exchange (FX) Code as the Naira appreciated against ...

The Central Bank of Nigeria (CBN) on Tuesday in Abuja launched the Nigeria Foreign Exchange (FX) Code, designed ...

The Central Bank Governor Olayemi Cardoso has announced that the forensic verification of the $7 billion FX backlogs is nearing ...

The Central Bank of Nigeria (CBN) has waived the 2025 licence renewal fee for all bureaux de change (BDC) operators.

Zenith Bank says it has raised N350.46 billion through rights issue and public offer to meet the Central Bank of Nigeria’s ...

CBN directed participants in the foreign exchange market to submit compliance reports on adherence to the Nigeria FX Code by ...

Nigeria’s leading commercial bank, Sterling Bank Limited, has petitioned the Inspector General of Police (IGP) to address a ...

Nigeria has renewed its bilateral currency swap agreement with China, six years after the deal was initially struck between both countries.

The CBN has directed foreign currency market participants to submit compliance reports outlining their adherence to the ...