Mr. Olayemi Cardoso, has issued a strong warning to banks, stating that any institution found guilty of foreign exchange (FX) ...

The Central Bank of Nigeria has announced that it is ready to commence repayment of all forex backlogs. The apex bank also ...

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) said on Tuesday the forensic verification of the $7 billion FX backlogs is nearing ...

Olayemi Cardoso, has announced the completion of forensic verification to clear all pending foreign exchange backlogs, with payments set to commence soon.Speaking at the launch of the Foreign Exchange ...

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) has introduced the Nigeria Foreign Exchange Code (FX Code), aimed at fostering transparency ...

The Nigerian naira has found some relative calmness on the back of some policy actions implemented by the current government, ...

The Central Bank of Nigeria (CBN) has launched the Nigeria Foreign Exchange Code (FX Code) with a vision for a foreign exchange market built on integrity, ...

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

The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the remittances of the country is expected to double as the current value of the naira makes it competitive to attract ...

Olayemi Cardoso, governor of the CBN, says the bank has set up a compliance department to ensure transparency in the ...