The Central Bank of Nigeria has approved the waiver of the 2025 annual license renewal fee for all existing Bureau De Change operators.This was disclosed in a circular dated January 24, 2025, signed ...

The saying that technology moves faster than regulation will always hold true regardless of the sector. Whether it is ...

The Central Bank of Nigeria (CBN) and Deposit Money Banks on Tuesday signed the Nigeria foreign exchange code, signaling a firm ...

The FX Code is built on six core principles: Ethics, Governance, Execution, Information Sharing, Risk Management and ...

The Central Bank of Nigeria Governor, Olayemi Cardoso has issued a stern warning to financial institutions, emphasising that violations of the newly launched Nigeria Foreign Exchange Code will attract ...

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

Speaking at the event in Abuja, Cardoso said the FX Code would establish clear and enforceable standards for ethical conduct, ...

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 ...

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

The Central Bank of Nigeria has granted a waiver to authorized Bureau De Change operators on the 2025 non-refundable annual license renewal. The apex bank ...

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 bureau de change (BDC) operators.