Nigeria’s central bank rolling back forex restrictions

naira-nigeria

The Central Bank of Nigeria (CBN) will no longer impose "allocation/utilisation rules" on commercial banks when it comes to the foreign exchange (forex) market, the central bank announced today (February 20).

In a statement, the Nigerian central bank outlines a number of measures it plans to implement with immediate effect to revamp its foreign exchange programme to increase the supply of foreign exchange to the public.

"The Central Bank of Nigeria is providing direct additional funding to banks

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: