Cardoso reveals measures deployed by CBN to address FX crisis

The Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, on Tuesday revealed measures deployed by the apex bank to address the foreign exchange crisis in the country.

Cardoso spoke at the resumption of the sectoral debate series organised by the House of Representatives in Abuja.

He listed the to include unifying foreign exchange market segments, clearing outstanding FX obligations, introducing new operational mechanisms for Bureau De Change (BDC) operators, enforcing the Net Open Position limit, and adjusting the remunerable Standing Deposit Facility cap.