Nigeria Adopts New Forex Policy
The Central Bank has agreed to introduce flexibility in the foreign exchange market to avoid an "imminent recession".
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Nigeria:
Forex - CBN Throws Naira Into Open Market, Nullifies N197/$ Exchange Rate
Vanguard, 25 May 2016
The Central Bank of Nigeria, CBN, yesterday, announced a flexible exchange rate regime aimed at making foreign currencies more accessible. Read more »
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Nigeria:
At Last, Central Bank to Introduce Flexible Exchange Rate Regime
This Day, 25 May 2016
After months of resisting calls for the adoption of a flexible foreign exchange regime, the Central Bank of Nigeria (CBN) on tuesday finally bowed to pressure, stating that it… Read more »
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Nigeria:
State Adopts New Forex Policy
Premium Times, 24 May 2016
To begin to reverse what its governor, Godwin Emefiele, called "imminent recession" in the Nigerian economy, the Central Bank of Nigeria on Tuesday announced a new policy that… Read more »
Central Bank of Nigeria.
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Nigeria:
Forex Scarcity - Marketers Still Depend On NNPC
Vanguard, 25 May 2016
Despite the 'relief' from the pains of scarcity, following the increase in the pump price of premium motor spirit, PMS, also called petrol to N145 per litre, and liberalisation of… Read more »
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Nigeria:
New Forex Policy Out Soon, Says CBN
Leadership, 25 May 2016
A more flexible foreign exchange policy would soon become operational in the country, the Central Bank of Nigeria (CBN) said yesterday. Read more »
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Nigeria:
CBN Agrees to Flexible Forex Policy
Vanguard, 24 May 2016
Nigeria's central bank on Tuesday agreed to introduce greater flexibility in the foreign exchange market after shortages that have hurt investment and sparked a petrol shortage. Read more »
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Nigeria:
Forex, Epileptic Power Hampering Growth of Aviation Industry - Otubusa
Vanguard, 24 May 2016
The Coordinator of the Christian Fellowship of National Airspace Management Agency, Mr. Funsho Otubusa has identify the new forex policy and epileptic power supply as factors… Read more »
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Nigeria:
Nigeria Heads Toward Recession
VOA, 24 May 2016
Nigeria’s central bank governors are meeting amid a gloomy financial outlook for Africa’s largest economy. Numbers released last week show the country's economy… Read more »
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Nigeria:
The Road to Fiscal Stability Through Confidence in Naira - CBN Gov. Emefiele
Vanguard, 22 May 2016
The Central Bank of Nigeria (CBN) has called on Central Banks within West African sub-region to safeguard banknotes, by initiating policies to prevent money laundering and… Read more »