Since the introduction of a number of forex policies by the central bank, the naira has gained over 21 per cent on the dollar since March.

Liquidity in the forex market has been attributed to an array of policies currently implemented by the CBN.

Key reforms include the unification of exchange rate windows, liberalisation of the FX market, clearance of FX backlog obligations for banks and airlines, implementation of a Price Verification System, imposition of limits on banks’ Net Open Position, removal of the daily cap of N2bn on remunerable Standing Deposit Facility, and overhaul of the Bureau De Change segment.

Related posts:

Cash app founder was having an affair with married sister of his alleged killer NNPC to resume oil search in Lake Chad next week – Kyari “Lover of my poverty” – Nigerian journalist, Ikharo Attah reveals his wife never requested anything from him during 7 years of dating before marriage Senate urges NERC, Power Distribution Companies to allow Nigerians ‘breathe’ G-5 governors hold talks with Tinubu in Aso Rock Woman was treated for cancer for two years and her eggs frozen only to be told later she never had it Israel-Hamas War: WHO urges Israel to withdraw evacuation order for hospitals There will be consequences for moving CBN and FAAN departments – Senator Ndume warns President Tinubu