CBN to Roll Out Revised FX Manual to Strengthen Naira and Boost Market Confidence

The Central Bank of Nigeria (CBN) is preparing to introduce a revised Foreign Exchange (FX) manual in 2026 to bolster the Naira and improve market confidence. The revision is part of broader efforts to enhance the regulatory framework governing forex transactions and align market operations with the current economic reality.

Dr. Muhammad Sani Abdullahi, the Deputy Governor of Economic Policy at CBN, disclosed that the manual will feature clearer rules, stronger oversight, and improved processes to support transparency and efficiency in the FX market.

The goal is to close loopholes, reduce uncertainties for market participants, and ensure the orderly functioning of the foreign exchange system. The Nigerian Exchange Limited (NGX) also reported a significant increase in domestic and foreign investor transactions, signaling growing market activity.