FG pledges to stabilise Forex for Naira’s sake
Following recurrent freefall of Naira in the Foreign Exchange (Forex) market, the Federal Government has assured Nigerians that it will implement macroeconomic reforms to stabilise the market. The Minister of…
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CBN restates commitment to boosting liquidity in FOREX Market
The Central Bank of Nigeria (CBN) has said it will continue to promote orderliness and professional conduct by all participants in the Nigerian Foreign Exchange Market to ensure market forces…
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Nigeria’s forex market needs restructuring—Tinubu’s aide
The Special Adviser to the President on Economic Affairs, Dr Tope Fasua, has called for a structural reform of Nigeria’s foreign exchange market. Fasua made the call at a roundtable…
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AfDB lauds Tinubu’s policy on Forex rate unification
African Development Bank (AfDB) has commended the President Tinubu administration for unifying the naira exchange rate saying it would breath air of transparency into Forex. The bank’s president, Dr Akinwumi Adesina,…
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CBN releases more FX reforms, relaxes restriction on domiciliary accounts
The Central Bank of Nigeria (CBN) has announced further policy changes new guidelines in the Foreign Exchange (FX) market. According to the Director, Corporate Communications, Dr Isa AbdulMumin, these…
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