The Central Bank of Nigeria has stated that no amount of criticism and blackmail from “self-centred individuals” would make it change its current flexible foreign exchange rate policy.
The nation's apex bank said this in a statement titled: ‘Nigeria’s current economic situation: Our case’...
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naira crisis innigeria
The new foreign exchange policy, yesterday, received a $20 million foreign investment boost as the Central Bank of Nigeria, CBN, and Citibank Nigeria Limited executed the first Naira-Settled Over the Counter (OTC) Foreign Exchange Futures.
According to Vanguard, the $20 million was a foreign...
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