• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Currencies

CBN “Frees Naira” As It Creates New Window for Investors & Exporters

Onome Ohwovoriole by Onome Ohwovoriole
April 21, 2017
in Currencies
CBN Governor, Godwin Emefiele

Godwin Emefiele, Governor, Central Bank of Nigeria

Share on FacebookShare on TwitterShare on Linkedin

Nairametrics| The Central Bank of Nigeria (CBN) has created yet another FX window for investors and exporters. The apex bank had earlier created windows for PTA/BTA, School fees, Small and Medium Scale Enterprises (SMEs) and foreign airlines.

We explained this new circular here

The transactions eligible to access this window include:

RelatedStories

Debola Deji-Kurunmi

Tech is no longer a sector, but an enabler to any sector – Debola Deji-Kurunm 

December 2, 2024
Essential soft skills that will help you succeed in your business

Three high-income skills to learn for free without a degree in 2024

August 31, 2024

a. invisible transactions namely:
Loan repayments, Loan interest repayments, Dividends/Income Remittances, Capital repatriation, Management services fees, Consultancy fees, Software subscription fees, Technology transfer agreements, Personal home remittances, any such other eligible invisible transactions including “Miscellaneous Payments” as detailed under Memorandum 15 of the CBN Forex Manual.

b. Bills for collection

c. Any other trade-related payment obligations (at the instance of the customer).

International Airline Ticket Sales’ Remittances shall only be eligible to access the CBN FX Window (i.e. SMIS – Retail and Wholesale.

The suppliers of FX into this window shall be portfolio investors, exporters, authorised dealers and other parties with foreign currency to change to Naira. The CBN shall be a participant in this window to ensure liquidity and professional market conduct. The CBN also reserves the right to act as a buyer or seller in this window.

FMDQ, according to the circular, will be expected to publish market rates and any other relevant information on its website twice daily (morning and evening).

With this new circular, the CBN is aiming to incorporate transparency into this window. It advises the authorized dealers to promote market transparency by encouraging their corporate clients to ensure that activities in this window are operated on FX trading systems.

Furthermore, FMDQ will develop and publish a new fixing, NAFEX (the Nigerian Autonomous Foreign Exchange Fixing), to support appropriate benchmarking and facilitate derivatives activities in the Investors’ and Exporters’ FX Window.
Below is a copy of the circular.

Download (PDF, 1.33MB)

Tags: 41 banned listCapital controlsCBN Forex PolicyCBN NigeriaForex PolicyForex WindowTech
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

Debola Deji-Kurunmi
Sectors

Tech is no longer a sector, but an enabler to any sector – Debola Deji-Kurunm 

December 2, 2024
Essential soft skills that will help you succeed in your business
Career tips

Three high-income skills to learn for free without a degree in 2024

August 31, 2024
Germany’s GIZ launches funding scheme for startups in Nigeria
Sectors

African startups raise $420 million in July 2024, cross $1 billion year-to-date

August 6, 2024
Interswitch
Corporate Updates

Nigerian Revenue Summit: Fostering growth, transparency, and collaboration in the digital age

October 18, 2023
NIS blames scarcity of international passport booklets on CBN’s forex policy
Business

NIS blames scarcity of international passport booklets on CBN’s forex policy

May 10, 2023
2023 Lagos Development Pipeline Report Retail Overview: What is inhibiting the growth of the retail sector?
Sectors

Nigeria’s MSMEs turn to technology as cost of business toughens – Expert

May 8, 2023
Next Post
These Are The Reasons Madam Adeosun Gave For Her Recent Statement About The Recession

Adeosun: Govt. To Introduce "Asset & Income Declaration Scheme To Capture Tax Payers

Leave a Reply Cancel reply

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

Emple
nlng

first bank
Zenth Bank








DUNS

Recent News

  • World Bank approves extra $65 million loan for Nigeria’s SPESSE project 
  • Nigerian Oil falls below $70 a barrel amid faded supply disruption  
  • Elon Musk’s xAI raises $10 billion in debt and equity financing to accelerate AI innovation

Follow us on social media:

Recent News

World Bank, Tanzania

World Bank approves extra $65 million loan for Nigeria’s SPESSE project 

July 1, 2025
Latest crude oil price drop threatens Nigeria’s revenue and naira stability 

Nigerian Oil falls below $70 a barrel amid faded supply disruption  

July 1, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics