CBN promises forex market intervention, lifts restriction on 43 items (SEE LIST)

The Central Bank of Nigeria (CBN) on Thursday promised to intervene in the foreign exchange regularly in a bid to boost its liquidity.

In a statement by its Director of Corporate Communication, Isa AbdulMumin, the apex bank also lifted the restriction placed on 43 items from accessing forex in the Investors and Exporters (I&E) window in 2015.

The decision was aimed at addressing the challenges associated with the unification of all segments of the foreign exchange market.

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