$10bn forex inflow expected in weeks – Finance Minister Edun

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

Minister of Finance and Coordinating Minister of the Economy Wale Edun has stated that around $10 billion of forex inflows is expected within weeks rather than months.

Edun stated this during a panel session at the ongoing Nigeria Economic Summit, where he answered questions about stabilising the foreign exchange market and enshrining liquidity in the market.

” The minister further said President Tinubu has signed two executive orders geared towards ensuring liquidity in the forex market. “Mr President announced that he had taken measures to ease illiquidity in the forex market, which we know is very problematic at this time,' he said. Edun added. “The market is illiquid; it’s not functioning properly because there is no supply and there are various reasons for that.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CISI develops pathway for sustainable green, climate financeA Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Source: vanguardngrnews - 🏆 5. / 75 Read more »