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CBN
The Minister said it was unrealistic for the government to continue with the subsidy regime.
The CBN still continues to warn against currency speculators who patronize the black market.
Between 2012 and 2017 the naira has depreciated by 30% compounded annually.
Forex traders are wondering what next from the CBN.
The exchange rate could strengthen this week based on a positive set of assumptions.
The aim of this directive is to expand the reach of the regional banks across the country, the CBN said.
Reports reaching Nairametrics indicates the CBN has instructed bidders at its Secondary Market Intervention Sales (SMIS) to increase...
Banks are more concerned about the arbitrary nature and lack of understanding of the CRR debits.
At the black market, the naira appreciated marginally by N1 to a dollar to close at N461 to a dollar.
In the meantime, liquidity in the Nigerian banking system is said to be below N100 billion
The volatility and uncertainty of the forex market seem to persist due to liquidity shortages across markets.
Nigerian stocks are down 8.8% for the year worse than 5.86% in May.