The Central Bank of Nigeria (CBN) has unveiled new guidelines aimed at overhauling the country's foreign exchange (FX) market to improve price discovery and enhance transparency.

The reforms, which are set to take effect immediately, include a series of significant changes designed to streamline operations and increase market efficiency.

This was made known via a post shared via the X handle of the Special Assistant to the President on Social Media, Dada Olusegun, on Sunday, December 1.