• CBN kick-starts flexible exchange rate today

    CBN kick-starts flexible exchange rate today

    History will be made today as the Central Bank of Nige­ria (CBN) finally commences the much-awaited market-driven flexible exchange rate regime to ease the foreign ex­change (forex) scarcity in the country.

    This is coming on the heels of various endorsements given to the policy by finan­cial analysts who see it as the final solution to the volatility in the forex market.

    However, indications have emerged that the apex bank has thrown the door open to other banks to participate, even if they […]