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You are using an outdated browser. Please upgrade your browser to improve your experience. The Central Bank of Nigeria CBN has been cautioned that its current foreign ib forex intervention to stabilise the Naira is artificial and capable of scaring off foreign investors. The value of the exchange rate should be determined by market forces. He said that countries that successfully came out of recession had to lower their monetary policy rates to encourage spending. CBN to meet forex requests investmfnt Airlines, manufacturing, others.
It said commercial banks have. All leads to further confusion. You are a rancid fool! The present gvt due to its hasty approach foex export promotion now artificially allowed it to sink patapata. The only linkage between the Nigerian Recession and Forex is corruption. The CBN continue to worsen the situation by talking from both side of ppans mouth. If you want market to determine price while the unnecessary pumping of dollar? It should be clear that, not until diaspora or any body who send money through domiciliary account can walk to bank and cash it, all these pseudo economic would not work, simply because Nigerian system cannot control both invetment formal and formal sector of the economy.
Second, the culture in Nigeria cannot totally obey all the grafted ideas of the west. Inveshment CBN enough of round-tripping especially that the black market or informal market of the Forex in abroad is broaden forexx. Remember to say God Bless Federal Republic of Nigeria because of the generation unborn. Should President Muhammadu Buhari replace Acting Chairman of the Economic and Financial Crimes Commission EFCCIbrahim Magu as demanded by the Senate? Sporting Life Advert Rates.
E-Papers My Account Logout. CBN warns bank CEOs over forex. CBN to sustain forex intervention. Forex: New rate for BDCs out tomorrow-CBN. Do you get a good or bad response from your forex investment plans in nigeria after making love? Click Here for details! Click Here for Info! A Timely Breakthrough Discovery! Tags: Assistant Editor cbn forex Nduka Chiejina. SPONSORED POST Columnist- Wednesday.
CBN's forex intervention, artificial - Economist - The Nation Nigeria
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Dunn Loren Merrifield receives the World Finance Banking Awards 2014 at the London Stock Exchange 1.