Since the Central Bank of Nigeria (CBN) decided to lift the foreign exchange (FOREX) ban on some products, there has been a lot of speculation and misconceptions. Although no one knows exactly the implications of this action, one thing is certain; this decision has significant implications for businesses, investors, and the general people as the... Read More
The Central Bank has said it would not reverse the ban of foreign exchange sale to importers of 41 items, which the country has the capacity to produce locally. Acting Director, Corporate Communications Department, CBN, Isaac Okoroafor said this in reaction to the OccupyCBN protesters who demanded that the naira should be allowed to float. Okoroafor... Read More
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