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Forex: CBN asks exporters to repatriate proceeds

Forex: CBN asks exporters to repatriate proceeds
punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.

CBN Guarantees Exporters Unfettered Access to Sales Proceeds

CBN Guarantees Exporters Unfettered Access to Sales Proceeds
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

CBN, NSIA set to diversify economy with comodity exchange

Nigeria s central bank invests N50 billion to revamp moribund commodity exchange

TODAY January 28, 2021 Following the approval of the President, the Central Bank of Nigeria (CBN), has concluded plan to invest N50b to revamp the ailing Nigerian Commodity Exchange. CBN Governor, Godwin Emefiele disclosed this while speaking at a meeting of critical stakeholders of the industry in Abuja on Thursday. He said the meeting was aimed at putting in place the enabling structures and Framework that would lead to repositioning of the Exchange “into a commercially viable Platform in Nigeria for delivering efficient pricing of Nigeria’s Agric produce; among others”. Emefiele explained that the key objective of meeting “is to brief stakeholders on Mr. President’s recent approval of a proposal to reposition the Nigeria Commodity Exchange (NCX), and thereafter discuss the modalities for repositioning the institution”.

CBN, NSIA to invest N50b in Nigeria Commodity Exchange

CBN, NSIA to invest N50b in Nigeria Commodity Exchange On Godwin Emefiele, CBN Governor. The Central Bank of Nigeria (CBN) and the Nigeria Sovereign Investment Authority (NSIA) are to invest a fresh N50 billion in the Nigerian Commodity Exchange (NCX), Abuja. The Governor of the CBN, Mr. Godwin Emefiele, disclosed this , this afternoon, at the Inaugural Meeting of the Steering Committee, set up to reposition the exchange. He said that the investment would be made through the Infrastructure Corporation (Infraco) in a push to make the exchange functional and halt the arbitrage of middlemen, under whom Nigerian farmers have suffered for decades.

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