The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has unveiled the 4th Edition of the CBN Foreign Exchange Manual as part of efforts to strengthen transparency, consistency and operational efficiency in Nigeria’s foreign exchange market.

The revised manual, which will take effect from June 1, 2026, is aimed at aligning Nigeria’s foreign exchange administration with international best practices while enhancing market confidence and supporting macroeconomic stability.

According to the apex bank, the updated document was developed following extensive consultations with stakeholders and rigorous technical reviews to ensure effective implementation across the financial sector.

The CBN said the manual would be distributed free of charge to authorised dealers to facilitate compliance and seamless execution of foreign exchange transactions.

Speaking at the unveiling, Cardoso stressed the need for professionalism, accountability, fairness and robust monitoring mechanisms in sustaining the credibility and stability of the country’s foreign exchange market.