Nigeria, Jan. 22 -- The Central Bank of Nigeria (CBN) has approved the Nigerian Foreign Exchange (FX) Code, a comprehensive guideline aimed at promoting ethical conduct among authorised dealers in the country's foreign exchange market.

In a statement released on Wednesday, the apex bank announced that the new framework would provide a foundation for transparency, integrity, and professionalism in forex trading practices.

The Bank said the formal launch of the code is scheduled to take place at its headquarters in Abuja on 28 January.

"The Central Bank of Nigeria has approved the release of the Nigerian Foreign Exchange (FX) Code as a guideline to the banking industry to promote the ethical conduct of authorised dealers in the Nigerian ...