• CBN launches first naira-settled OTC FX Futures market

    CBN launches first naira-settled OTC FX Futures market

    The Central Bank of Nigeria (CBN) has made history in the Nigerian FX market as it becomes the pioneer seller of the Naira-settled OTC FX Futures contracts on FMDQ OTC Securities Exchange (FMDQ) today, Monday, June 27, 2016.

    A statement from the CBN said the CBN Governor, Mr. Godwin Emefiele, expressed delight that the foreign exchange market in Nigeria has attained the position where participants in Nigeria can settle foreign exchange futures transactions in Naira.

    According to Emefiele, who was represented by […]