November 7, 2024

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Nigeria Acts to Stabilize Currency with Forex Auction

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Nigeria Acts to Stabilize Currency with Forex Auction
Nigeria Acts to Stabilize Currency with Forex AuctionThe Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the local currency. The CBN has called on authorized dealer banks to share their respective lists of outstanding forex demand by end users. Auction System Aims to Mitigate Impact of Dollar Shortage on Exchange […]