October 13, 2023/Cordros Report In a circular dated 12 October, the CBN highlighted six measures, restating its commitment to boost liquidity in the Nigerian Foreign Exchange Market (NFEM). While most of these highlights are the CBN’s restatement of commitments to previous communications, the most significant highlight for us is the […]
Money Market
Ban on 43 items lifted; Rational move but still more like clearing the cobwebs
October 13, 2023/CSL Research According to a new communiqué issued by the Central Bank of Nigeria (CBN), importers of all 43 items previously barred from obtaining foreign cash through official channels are now permitted to purchase foreign exchange in the Nigerian foreign exchange market. The CBN also stated that it […]
CBN Restates Commitment to Boost Liquidity in FOREX Market, Lift Ban on 43 Items
October 12, 2023/CBN 1. The Central Bank of Nigeria (CBN) will continue to promote orderliness and professional conduct by all participants in the Nigerian Foreign Exchange Market to ensure market forces determine exchange rates on a Willing Buyer – Willing Seller principle. 2. The CBN reiterates that the prevailing Foreign […]
