Tag Archives: Ruslanudeen Muhammad

Financial experts call on CBN to close exchange rate gap for more FDIs

To make the nation’s foreign exchange (forex) market attractive for foreign direct investments (FDIs) in 2018, the Central Bank of Nigeria (CBN) must do all within its powers to ensure rates’ harmonisation. This will mean closing the huge gap between the official exchange rate of N306/$ and the parallel market rate of N360/$, as it is a disincentive to genuine ...

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