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Nigeria: NEC Orders CBN to Review Exchange Rate
Guardian, 17 February 2017
The National Economic Council (NEC) yesterday expressed concern over the exchange rate and directed the Central Bank of Nigeria (CBN) to quickly facilitate an urgent review of the… Read more »
Is Nigerian Central Bank Unlawfully Distorting the Forex Market?
The National Economic Council has demanded an immediate review of the foreign exchange policy. Naira currently exchanges for N510 to the dollar at the parallel market, while Central Bank official rate remains at N305.50 to the dollar.
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Nigeria: Governors Slam Forex Policy As Naira Falls
Premium Times, 17 February 2017
Worried by the continued widening gap between the inter-bank foreign exchange and parallel market rates, the National Economic Council, NEC, on Thursday demanded the immediate… Read more »
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Nigeria: Is CBN Unlawfully Distorting the Forex Market?
This Day, 17 February 2017
The Central Bank of Nigeria (CBN) has been consistently criticised for the manner in which it has managed Nigeria's foreign exchange (forex) market. One of the complaints is the… Read more »
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Nigeria: CBN Directs Banks to File Forex Returns in Dollars
Premium Times, 16 February 2017
The Central Bank of Nigeria, CBN, has directed banks to file their returns on the sale of foreign currency in dollars to avoid ambiguities. Read more »
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Nigeria: Forex - CBN Disburses U.S.$2.8 Billion in 2 Months
Vanguard, 16 February 2017
The Central Bank of Nigeria (CBN) has disbursed the sum of $2.83 billion for utilization in the critical sectors of the economy in the last two months of December 2016 and January… Read more »
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Nigeria: How We Shared Forex in December, January - CBN
Premium Times, 16 February 2017
The Central Bank of Nigeria said on Thursday three key sectors of the economy received the largest foreign exchange allocations between December 2016 and January. Read more »
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Nigeria: NEC to CBN - Review Forex Policy Now
Daily Trust, 16 February 2017
The National Economic Council (NEC) has urged the Central Bank of Nigeria (CBN) to urgently review of the foreign exchange policy. Read more »
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Nigeria: NEC Asks CBN to Review Forex Policy
Daily Trust, 17 February 2017
The National Economic Council (NEC) has urged the Central Bank of Nigeria (CBN) to urgently review the foreign exchange policy. Read more »
InFocus
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The National Bureau of Statistics has said that the rise was driven by surges in food, transport and electricity prices. Read more »
