The Central Bank of Nigeria, CBN, has confirmed the operational changes to the foreign exchange market.
It announced the cessation of RT200 Rebate Scheme and the Naira4Dollar Remittance Scheme, with effect from June 30, 2023. “The operational rate for all government-related transactions shall be the weighted average rate of the preceding day’s executed transactions at the I&E window, calculated to two decimal places.
“Reintroduction of Order Book to ensure transparency of orders and seamless execution of trades. The operational hours of trades shall be from 9am to 4pm, Nigeria time.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Central Bank Announces Changes To Forex Market, Abolishes Multiple Exchange Rates | Sahara ReportersThe 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.
Source: SaharaReporters - 🏆 9. / 63 Read more »
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)
Source: LeadershipNGA - 🏆 4. / 77 Read more »