FX stability: CBN, banks intensify push for non-oil export

The Central Bank of Nigeria (CBN) and the Bankers’ Committee are applying the necessary policy improvement to ensure that the RT200 Forex Programme achieves its aim of stabilising the nation’s foreign exchange market.

Last week, the CBN governor, Mr. Godwin Emefiele, said the apex bank and the Bankers’ Committee would commit a minimum of N500 billion annually in loans to Nigeria’s export-oriented firms in a bid to enhance non-oil export earnings.

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