Find the latest bookmaker offers available across all uk gambling sites Read the reviews and compare sites to quickly discover the perfect account for you.
Friday , October 28 2016
Home / Metro News / Central Bank Of Nigeria Announces New Flexible Forex Regime

Central Bank Of Nigeria Announces New Flexible Forex Regime


The Central Bank of Nigeria yesterday announced a flexible foreign exchange regime that would be determined by market forces. Speaking at a news conference in Abuja June 15th, the Central Bank governor, Godwin Emefiele said under the new plan, the official exchange rate of the naira will exist in a “single flexible window,” which will take off on June 20th.

The announcement end months of speculation about the official value of the Nigerian currency. A series of measures to manage the new forex policy includes the introduction of Forex Primary Dealers, a Futures Market to enable end users to lock down rates and 12 other measures to ensure transparency and stability of the new market. He added that the 41 banned items remain banned, and cannot access forex from the new window.

Check Also


Teacher Admits To Putting His Male Organ Inside The Mouth Of A 12 year old Girl But Denies R*ping Her

20 year old man, Enilolobo Olamilekan who is a Lagos state indigene and a teacher at ...

Leave a Reply

Your email address will not be published. Required fields are marked *