Central Bank of Nigeria has given commercial banks and dealers in the forex market the green light to sell forex freely at a market-determined rate. Platforms Africa eports that this is in line with the promise of President Bola Tinubu to unify the multiple exchange rate in the market. The initial understanding of this message is that banks can now sell forex at market-determined rates, suggesting Nigeria is now operating a freely floating exchange rate. READ ALSO: Ethiopian Airlines Chairman Girma Wake Resigns Re-igniting Nigeria’s Engine of Growth: Prof. Olamade…
Read MoreOn Tinubu’s Order,’ CBN Grants Banks Freedom To Trade Forex ‘Freely’
