October 13, 2023/Oilprice.com Michael Kern, Oilprice.com While oil prices had fallen back after soaring at the start of the week, signs that the U.S. is set to step up its sanctions action against both Russia and Iran have boosted prices, with Brent now nearing $90. Friday, October 13th, 2023 The […]
OPINION/EDITORIAL
CBN Restates Commitment to Boost FX Liquidity
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 […]
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 […]
