Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Naira Jumps as CBN Lifts FX Restrictions on 43 Items The Nigerian naira jumped across the foreign exchange market as the Central Bank of Nigeria (CBN) lifted restrictions on 43 items on FX restriction lists 8 years later. Data from FMDQ showed that the local currency appreciated against the US dollar by 2.27% at the Investors and Exporters window, closing at N759.20. MarketForces Africa reported that the exchange rate at the organised FX market had closed at N776.80 per greenback the previous day. In the parallel market, the Naira appreciated by 0.49% to close at N1,035 against the US dollar…

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