News Formal

Central Bank Announces Changes To Forex Market, Abolishes Multiple Exchange Rates | Sahara Reporters

  • 📰 SaharaReporters
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The Central Bank of Nigeria (CBN) has confirmed changes in the foreign exchange market. In a statement on Wednesday night, Angela Sere-Ejembi, Director, Financial Markets, announced the changes and abolishment of segmentation. “The Central Bank of Nigeria (CBN) wishes to inform all authorised dealers and the general public of the following immediate changes to operations in the Nigerian Foreign Exchange (FX) Market: Abolishment of segmentation.

In a statement on Wednesday night, Angela Sere-Ejembi, Director, Financial Markets, announced the changes and abolishment of segmentation.In a statement on Wednesday night, Angela Sere-Ejembi, Director, Financial Markets, announced the changes and abolishment of segmentation.

“The Central Bank of Nigeria wishes to inform all authorised dealers and the general public of the following immediate changes to operations in the Nigerian Foreign Exchange Market: Abolishment of segmentation. "All segments are now collapsed into the Investors and Exporters window. Applications for medicals, school fees, BTA/PTA, and SMES would continue to be processed through deposit money banks.”

“Re-introduction of the “Willing Buyer, Willing Seller” model at the I&E Window. Operations in this window shall be guided by the extant circular on the establishment of the window, dated 21 April 2017 and referenced FMD/DIR/CIR/GEN/08/007.SaharaReporters.com is an outstanding, groundbreaking news website that encourages citizen journalists to report ongoing corruption and government malfeasance in Africa.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 9. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Nigerian Stock Market Rises To 15-Year High After Central Bank Governor, Emefiele’s Suspension | Sahara ReportersThe Nigerian Stock Market on Tuesday reportedly leaped to 15-year high as it rose to its highest level since July 2008. This is coming on the first day of trading after the suspension of the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, by President Bola Tinubu. A report by Bloomberg stated that investors are betting on a currency devaluation and this has sent the main index of the Nigerian Exchange to above 57,437 points, which is in contrast with a flat performance for MSCI’s main emerging equity benchmark.
Fonte: SaharaReporters - 🏆 9. / 63 Consulte Mais informação »

Nigerian Central Bank Allows Dealers, Banks To Sell Forex At Market Rates As Dollar Hits N750 | Sahara Reporters
Fonte: SaharaReporters - 🏆 9. / 63 Consulte Mais informação »

Stock Market Gains N1.2trn 1st Trading Day After Emefiele’s SuspensionThe domestic equities market gained an impressive N1.215 trillion on the first trading day following, the suspension of Central Bank of Nigeria (CBN)
Fonte: LeadershipNGA - 🏆 4. / 77 Consulte Mais informação »