How much value can new CBN’s subsidy in FX market bring?

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How much value can new CBN’s subsidy in FX market bring?
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On Friday, February 25, the Central Bank of Nigeria, through a circular titled ‘Operating Guidelines for RT200 Non-Oil Export Process Repatriation Rebate

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n Friday, February 25, the Central Bank of Nigeria, through a circular titled ‘Operating Guidelines for RT200 Non-Oil Export Process Repatriation Rebate Scheme’, surprised Nigerians and perhaps the global audience, announced a new subsidy regime of offering N65 bonus for every $1 repatriated to the country and sold at the Investors and Exporters window in respect of proceeds from export of non-oil goods.

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