Why Naira Is Bouncing Back Massively Against Dollars …C0NTINUE READING HERE >>>
The newly implemented foreign exchange market system by the Central Bank of Nigeria (CBN) has been credited for the recent surge in the value of Nigeria’s currency, the Naira, against major global currencies.
Bankers speaking to Vanguard attributed the Naira’s appreciation to the launch of the Electronic Foreign Exchange Matching System (EFEMS) last Monday.
In a circular issued to banks, the CBN mandated the adoption of Bloomberg’s BMatch platform as EFEMS for forex trading…
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