Things You Need to Know About Nigeria's New Forex Policy
The central bank has unveiled a flexible foreign exchange policy that will remove controls on the naira.
Naira
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Nigeria:
Nigeria Unveils New Forex Policy, Removes Controls On Naira
Premium Times, 15 June 2016
The Central Bank of Nigeria, CBN, on Wednesday formally unveiled the much-awaited flexible foreign exchange policy, saying it would launch a forex interbank trading window that… Read more »
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Nigeria:
Forex Crises - Conglomerates, Multinationals Lose N200 Billion in 6 Months
Vanguard, 14 June 2016
Losses incurred by investors in conglomerates, multinational corporations and other big capitalized companies quoted on the Nigerian Stock Exchange, NSE, as a result of the delay… Read more »
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Nigeria:
Challenged CBN Releases Flexible Forex Guidelines This Week
This Day, 13 June 2016
Any time this week, which analysts believe may be Friday, when the Central Bank of Nigeria usually takes bids from authorised dealers of foreign exchange, the apex bank will unveil… Read more »
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Nigeria:
Flexible Forex - CBN Meets Bankers' Committee
This Day, 10 June 2016
As details of the flexible foreign exchange policy promised by the Central Bank of Nigeria (CBN) are being awaited, the naira further slumped yesterday, exchanging at N372 to the… Read more »
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Nigeria:
CBN Awaits Banks' Input Into Forex Template
Guardian, 10 June 2016
The much expected detailed template for the operation of the recently introduced flexible regime in the management of the country's foreign exchange may not be quick in coming as… Read more »
InFocus
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The Central Bank has agreed to introduce flexibility in the foreign exchange market to avoid an "imminent recession". Read more »
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Ratings company Fitch says the country's remained at the same rank as last year with indices showing a stable but non-progressive economic outlook. Read more »