Central banks also participate in the foreign exchange market to protect their nation’s currencies in what’s known in the trade as intervention. For example, the Federal Reserve says the U.S ...

Bond market participants expect that the Reserve Bank of India (RBI) will significantly scale up its Open Market Operation ...

The recent launch of the Nigeria Foreign Exchange Code (FX Code) by the Central Bank of Nigeria (CBN) signals a new era in ...

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 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 ...

In its craving for best practices in the financial sector, the Central Bank of Nigeria (CBN) officially launched the foreign ...

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 CBN also urged market participants to uphold the highest ... The CBN stated that the pricing of foreign exchange transactions within the Nigerian Foreign Exchange Market (NFEM) will be ...

The naira recorded a significant appreciation on Thursday, reaching its strongest level in seven months at N1,485.95 per dollar.