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Also speaking on the benefits, Ayo Teriba, CEO of Economic Associates, said: “On the benefits, he said that the savings from unified exchange rates would improve the government’s fiscal situation, discourage people with frivolous demands in the I&E windows and end the regime of round tripping.
Following the development, the naira depreciated to N664.04/dollar at the close of trading at the I&E Window on Wednesday, according to data from the FMDQ Securities Exchange.
The Central Bank of Nigeria has announced the cessation of the RT200 Rebate and the Naira4Dollar Remittance Schemes. CBN disclosed this on Wednesday in a
The Central Bank of Nigeria is taking decisive steps to put an end to the practice of multiple exchange rates in the country and also end Emefiele schemes.
The Central Bank of Nigeria, CBN, has confirmed the operational changes to the foreign exchange market. In a statement on Wednesday by Angela Sere-Ejembi,