CBN introduces electronic FX matching system to curb speculation

The Central Bank of Nigeria (CBN) has announced the introduction of an electronic foreign exchange matching system (EFEMS).In a circular on Thursday, Omolara Duke, CBN director, financial markets department, said the system, which is for FX transactions, would be implemented no later than December 1. CBN said there would be a 2-week test run in…

CBN introduces electronic system to boost transparency in foreign exchange market

solacebase.com - 20:40

%BlogLink% %FearturedImage% %PostLink% The Central Bank of Nigeria (CBN) has announced the introduction of an Electronic Foreign Exchange Matching...

CBN to raise N50bn from cybersecurity levy

news360.info - 20/Sep 07:40

The Central Bank of Nigeria will be raising N50 billion by the end of 2024 from a 0.005 percent cybersecurity levy on electronic transactions. The...

CBN set to sell $20,000 each to eligible Bureau De Changes

worldstagenews.com - 25/Sep 20:08

WorldStage Newsonline– The Central Bank of Nigeria (CBN) has announced plans to sell $20,000 to each eligible Bureau De Change (BDC) at N1,590/$...

Busted: 62 members of Congress caught breaking the law

rawstory.com - 30/Sep 21:12

At least 62 members of 118th Congress have violated a federal insider trading and conflicts-of-interest law, a Raw Story analysis of congressional...

CBN Sells $20,000 To BDCs At ₦1,590/$1

akelicious.net - 26/Sep 05:22

The Central Bank of Nigeria (CBN), on Wednesday, announced it has approved the sale of $20,000 to each eligible Bureau De Change (BDC) at the rate of...

Lifting petrol from Dangote refinery ‘ll moderate FX pressure, says Cardoso

naija247news.com - 24/Sep 21:28

By Kadiri Abdulrahman Abuja, Sept. 24, 2024 (NAN) The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says lifting of petroleum products...

TT Chamber analyst wary about forex shortage solutions

newsday.co.tt - 08:06

WHILE Finance Minister Colm Imbert “pulled some levers” to address revenue shortfalls, Colin Ramsey, partner at Ernst & Young, says persistent...

Amcham: Trinidad and Tobago’s economic development hinges on digital acceleration

newsday.co.tt - 26/Sep 07:35

WITH the International Monetary Fund (IMF) projecting moderate growth of 2.4 per cent for TT, the American Chamber of Commerce of TT (AmchamTT) has...

TT Chamber: Effective implementation of budget critical

newsday.co.tt - 01/Oct 07:39

THE Trinidad and Tobago Chamber of Industry and Commerce (TTCIC) believes while the 2025 budget seems positive, effective implementation would be...

President Muizzu’s Recipe For Maldives’ Economic Recovery – Analysis

eurasiareview.com - 22/Sep 23:51

"Mend fences with India and maintain ties with China to revive Maldives' economy and protect its independence." The Maldivian economy is going...

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