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The Central Bank of Nigeria has directed participants in the foreign exchange market to submit compliance reports on adherence to the Nigeria FX Code by January 31, 2025.
The directive is part of efforts to strengthen ethical practices, governance, and transparency in the market.
The Nigeria FX Code, which became effective on December 2, 2024, sets out principles of good practice to ensure a robust, fair, and transparent foreign exchange market.
The directive according to CBN applies to authorised dealers licensed under the CBN Act of 2007, the Bank and Other Financial Institutions Act of 2020, and other entities engaged in wholesale FX business in Nigeria
The apex bank has mandated market participants to conduct a self-assessment and submit detailed reports on their level of compliance with the FX Code.
The Israel Defense Forces (IDF) announced on Monday that it conducted a drone strike in the West Bank city of Tulkarem, killing Ihab Atwi, the local head of Hamas, as part of its expanded military operation in the area. According to a joint statement from the IDF and the Shin Bet security agency, Abu Atwi was responsible for multiple attacks on Israelis, including a July 2024 shooting on a car […]
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