• CBN amends rule for investment in forex inflow

    CBN amends rule for investment in forex inflow

    In its relentless efforts to boost liquidity in the foreign exchange (forex) market, the Central Bank of Nigeria (CBN) has amended its forex rule to accommodate portfolio investment by Nigerians who import hard currency through an authorized channel.

    A circular by the acting Director of the apex bank in charge of Trade & Investment, W D Gotring , to all authorized dealers and general public on Friday, states that “In the continued effort to encourage portfolio investment in Nigeria, resident Nigerian […]