According to the apex bank, the policy changes are intended to promote transparency, liquidity, and price discovery in the FX market to improve supply, discourage speculation, enhance customer confidence, and ensure overall stability.
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Following the Central Bank of Nigeria (CBN) new guidelines in the Foreign Exchange (FX) market recently released, the apex bank has announced further policy changes.
The Trade Union Congress of Nigeria (TUC) has commended the Federal Government’s new forex policy that liberalised the exchange rate of the Naira to the dollar.
Nigeria’s total public debt has risen to N82 trillion from N73 trillion following the unification of the naira.
For the 12th year in at a stretch, Nigeria’s Aliko Dangote, remains Africa’s richest, despite losing his $3.12 billion fortune to $17.8 billion, as a result of the Central Bank of Nigeria (CBN) unification of the naira’s exchange rate system.
Africa’s leading advisory services firm,ACIOE Associates, has reaffirmed its commitment to inspiring and transforming African businesses via strategic and proven growth advisory solutions to spur economic development.
On Friday, President Bola Tinubu suspended the governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, and directed him to hand over the affairs of his office to the Deputy Governor (Operations Directorate).
Naira on Friday depreciated further against the dollar at the Investors and Exporters window, exchanging N472.50 to the dollar.
ASHENEWS reports that Pesident Bola Tinubu has approved the appointment of Mr. Folashodun Adebisi Shonubi as the acting Governor of Central Bank of Nigeria, with immediate effect.
ASHENEWS reports that President Bola Ahmed Tinubu has suspended the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, CFR, from office with immediate effect.