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CBN Removes Exchange Rate Cap for Money Transfer Operators

The Central Bank of Nigeria (CBN) has eliminated the maximum exchange rate limit previously set for international money

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Nigeria: CBN s Move to Restore Confidence, Boost Forex Liquidity

Nigeria: CBN s Move to Restore Confidence, Boost Forex Liquidity
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CBN s Move To Restore Confidence, Boost Forex Liquidity

The Central Bank of Nigeria has in the past week issued series of circulars aimed at boosting liquidity in the foreign exchange market as well as ensuring

Ayokunle olubunmiOlayemi cardosoElimination of allowable limit exchange rateCentre for the promotion of private enterpriseInternational money transfer operatorsCentral bankAllowable limitExchange rate quotedReporting requirementsBank foreign currency exposuresExecutive centrePrivate enterpriseFinancial institutions ratings

Fresh move by CBN to float Naira sparks concerns in Nigeria s forex market

The recent move by the Central Bank of Nigeria, CBN, to further float the Naira in the foreign exchange market has raised mixed concerns in the country's

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Naira Free Fall: Nigeria s crude oil sales should be in Dollars - Economist, Alaje

An economist has advised the Nigerian government to ensure that every litre of crude oil sold is receipted in foreign currency as a quick fix to the free

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