Vice President Yemi Osinbajo announced plans to revise the code in November. Critics argue that the code has stifled investment in Nigerian mining, which accounts for just 0.3% of GDP. The country’s ...
In a major step toward reforming the country’s foreign exchange (FX) market, the Central Bank of Nigeria (CBN) last week launched the Nigeria Foreign Exchange Code (FX Code). This new framework is ...
The Central Bank of Nigeria, CBN, has released the Nigeria Foreign Exchange (FX) Code in a bid to mitigate risks following various positive transformations in the country’s financial landscape. The ...