Tag
FOREX
The LCCI has advised CBN to curb multiplicity of exchange rates, a development it argued could send negative signals to investors.
The average money market rate dropped by 6.36% to settle at 3.54% from 9.90% in the previous week due to the significant improvement in system liquidity during the week.
CBN initiates move to implement FOREX ban on milk importation
@cenbank governor, Mr. Godwin Emefiele, has finally responded to FG announcement on the ban on FOREX restriction for food importation.
After almost a week that the Presidency announced the planned restriction of foreign exchange (FOREX) on food importation, the federal government has shed further lights into the policy.
President Muhammadu Buhari gave a new directive to the Central Bank of Nigeria (CBN) to stop providing FOREX for food importation.
Former Deputy Governor of CBN, Kingsley Moghalu, in reaction to President Buhari’s order to the apex bank to ban FOREX on food importation, has said that the bank has lost its independence
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop Foreign Exchange (FOREX) for the importation of food into the country.
Parallel market exchange rate between the Naira and three of the world's major currencies.
The Government has been urged to discontinue its subsidy schemes for fuel and FOREX. The Association of Bureaux De Change Operators of Nigeria (ABCON) believes that putting an end to these subsidies would help remedy structural issues in the economy.
Summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bonds.
The daily market summary examines the daily performance of major economic indicators, as well as highlights from trading sessions and key statistics on Treasury Bills, Bonds, etc. This report is dated July 2nd, 2019.