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CURRENCY
In a landmark move on June 16th, 2023, the Central Bank of Nigeria unveiled sweeping reforms to its foreign exchange operations, consolidating multiple rate windows into a singular, unified system: the Investor and Exporter Window, commonly referred to as the I&E Window.
The CBN said the policy would enable it to retake control of the excess money outside the banking system, thereby containing inflation
The treasury bills market was mostly quiet, albeit with massive interests seen on the May-2022 maturity.
The US dollar stands at ₦470/US$1 in the parallel market
Here's an insight into the top-performing financial assets around the world.
The US dollar index was up 0.23% to trade at 93.977 earlier on Friday.
The IMF tweeted the video giving vital details on what cryptocurrency is.
As events in the oil market fallout, the US dollar hit a record high against the Naira in the non-deliverable forward's markets on Tuesday, April 21, 2020.
President Muhammadu Buhari has made currency stability a key pillar of his plan to revive an economy still reeling from the collapse of oil prices in 2014.
All former French Colonies in West Africa, except Guinea Bissau, have agreed with France to rename its CFA franc to the Eco as they cut some of the financial links with Paris, French. #CFA FRANC #ECO #MACRON #CURRENCY
The reserves, which stood at $47.79 billion as at July 5, dropped to $45.23 billion as at September 13.