Nigeria's Forex Market Reforms Raise Capital Inflows By 200%

Nigeria's Forex Market Reforms Raise Capital Inflows By 200%

"Through deliberate policy actions, we eliminated the system of multiple exchange rates and significantly reduced the parallel market premium."

Nigeria's FX market reforms raise capital inflows by 200% – Cardoso

“Through deliberate policy actions, we eliminated the system of multiple exchange rates and significantly reduced the parallel market premium." The post Nigeria’s FX market reforms raise capital inflows by 200% – Cardoso appeared first on Premium Times Nigeria.

FX market reforms raise capital inflows by 200% – Cardoso ‎

‎ ‎ ‎The Governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has disclosed that reforms in Nigeria’s foreign exchange (FX) market have significantly improved liquidity, restored investor confidence and stabilised the Naira. ‎ ‎The apex bank boss said this on Thursday in Lagos while delivering a distinguished Alumni Lecture at St. Gregory’s College as […]

Nigeria’s net reserves fell to $800m before reforms, says CBN deputy governor

Muhammad Sanni Abdullahi, deputy governor for economic policy at the Central Bank of Nigeria (CBN), says Nigeria’s net foreign reserves had fallen to just $800 million before the apex bank embarked on a series of macroeconomic reforms.   Abdullahi spoke on Tuesday at a policy forum organised by Agora Policy, a prominent Nigerian think tank.   The CBN official said the low reserves reflected years of distortions in the economy, including mismanag…

CBN governor sends message to Nigerians: ‘No more naira devaluation’

Olayemi Cardoso says reforms by the Central Bank of Nigeria have strengthened confidence in the naira, easing fears of devaluation while improving transparency.