Regulatory Alerts2025-03-05 | 28/1/2025Statement of Commitment to the Nigeria Foreign Exchange Code
The Central Bank of Nigeria (CBN) has affirmed its commitment to the Nigerian FX Code, which reflects globally recognized best practices in the foreign exchange market. The CBN acknowledges its role as a regulator and commits to consistently regulating FX Market activities in alignment with the principles outlined in the Code. This commitment involves taking appropriate steps to ensure its roles align with these principles, considering the FX Market's size and complexity. The CBN aims to promote stability and transparency in Nigeria's foreign exchange market through this alignment.