Wednesday, 15 June 2016
Central Bank Of Nigeria announces new Flexible Forex regime
The announcement end months of speculation about the official value of the Nigerian currency. A series of measures to manage the new forex policy includes the introduction of Forex Primary Dealers, a Futures Market to enable end users to lock down rates and 12 other measures to ensure transparency and stability of the new market. He added that the 41 banned items remain banned, and cannot access forex from the new window.