L
LequteMan
Guest
The uncertainty in the foreign exchange policy of the Central Bank of Nigeria will soon be put to bed.
This is because the modalities about the naira's flexible regime will be announced CBN governor, Godwin Emefiele, on Wednesday afternoon.
This is according to the Presidency.
The naira has been depreciating against the dollar as scarcity of the greenback lingers. The currency on Tuesday traded at N365 per dollar on the black market, 40% below the official CBN rate.
The CBN had announced last week that it would remove the official peg on the naira and allow it to undergo a flexible regime.
This is because the modalities about the naira's flexible regime will be announced CBN governor, Godwin Emefiele, on Wednesday afternoon.
This is according to the Presidency.
The naira has been depreciating against the dollar as scarcity of the greenback lingers. The currency on Tuesday traded at N365 per dollar on the black market, 40% below the official CBN rate.
The CBN had announced last week that it would remove the official peg on the naira and allow it to undergo a flexible regime.
