Saturday, June 28, 2025

archiveMay 24, 2016

ECONOMYTOP STORY

CBN adopts flexible exchange rate policy, retains all rates

Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has introduced a flexible exchange rate policy into the nation’s monetary policy system. This policy allows the exchange rate to be determined by forces of supply and demand. The CBN Governor, Godwin Emefiele, who disclosed this today while addressing...