The total turnover of forex transactions on the Investors and Exporters window stood at US$7.62 billion as at August 11, a report has shown.
The increase, according to the monthly analysis by FSDH Merchant Bank Limited, has been consistent since April 2017.
The increase, according to the monthly analysis by FSDH Merchant Bank Limited, has been consistent since April 2017.
They projected that the turnover in August 2017 would also be higher than that of July 2017.
The report pointed out that the implementation of the Investors’ and Exporters’ Foreign Exchange (FX) window has increased the supply of foreign exchange into the Nigerian economy.
In addition, it has attracted more investments into Nigeria.
The report pointed out that the implementation of the Investors’ and Exporters’ Foreign Exchange (FX) window has increased the supply of foreign exchange into the Nigerian economy.
In addition, it has attracted more investments into Nigeria.
“Consequently, we observed relative stability in the foreign exchange market. Companies and individuals are now able to access more foreign exchange in the market than before to carry out eligible transactions and economic activities are gradually picking up,” they added.
The Central Bank of Nigeria (CBN) introduced the special window for investors, exporters and end-users of forex on April 21, 2017 as part of its efforts to deepen the forex market and accommodate all forex obligations.
The Central Bank of Nigeria (CBN) introduced the special window for investors, exporters and end-users of forex on April 21, 2017 as part of its efforts to deepen the forex market and accommodate all forex obligations.
The total turnover of forex transactions on the Investors and Exporters window stood at US$7.62 billion as at August 11, a report has shown.
The increase, according to the monthly analysis by FSDH Merchant Bank Limited, has been consistent since April 2017.
The increase, according to the monthly analysis by FSDH Merchant Bank Limited, has been consistent since April 2017.
They projected that the turnover in August 2017 would also be higher than that of July 2017.
The report pointed out that the implementation of the Investors’ and Exporters’ Foreign Exchange (FX) window has increased the supply of foreign exchange into the Nigerian economy.
In addition, it has attracted more investments into Nigeria.
The report pointed out that the implementation of the Investors’ and Exporters’ Foreign Exchange (FX) window has increased the supply of foreign exchange into the Nigerian economy.
In addition, it has attracted more investments into Nigeria.
“Consequently, we observed relative stability in the foreign exchange market. Companies and individuals are now able to access more foreign exchange in the market than before to carry out eligible transactions and economic activities are gradually picking up,” they added.
The Central Bank of Nigeria (CBN) introduced the special window for investors, exporters and end-users of forex on April 21, 2017 as part of its efforts to deepen the forex market and accommodate all forex obligations.
The Central Bank of Nigeria (CBN) introduced the special window for investors, exporters and end-users of forex on April 21, 2017 as part of its efforts to deepen the forex market and accommodate all forex obligations.
THISDAY
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