Bond market participants expect more OMO purchases to aid liquidity
Bond market participants expect that the Reserve Bank of India (RBI) will significantly scale up its Open Market Operation ...
LEADERSHIP Newspaper11d
FX Code: A Defining Step Towards Market Transparency
The recent launch of the Nigeria Foreign Exchange Code (FX Code) by the Central Bank of Nigeria (CBN) signals a new era in ...
Investopedia18d
Forex Market Hours: Can You Trade 7 Days a Week?
The WM/Reuters benchmark spot and forward foreign exchange rates are ... The forex market remains an efficient transfer mechanism for all participants despite its highly decentralized nature.
The TRADE15d
FX Global Code revisions get green light from participants
The Global Foreign Exchange Committee (GFXC) completed its review of the FX Global Code – with the December 2024 version superseding the July 2021 version – receiving greater support from market ...
TheCable12d
EXPLAINER: Market stability, sanctions… inside Nigeria’s FX code
In its craving for best practices in the financial sector, the Central Bank of Nigeria (CBN) officially launched the foreign ...
Nairametrics17d
CBN to impose heavy sanctions on banks over FX code compliance
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 ...
businessday14d
Naira hits seven-month high of N1,485.95 on CBN policies
The naira recorded a significant appreciation on Thursday, reaching its strongest level in seven months at N1,485.95 per dollar.