Oct 26, 2023
The Central Bank of Nigeria last week lifted its ban on obtaining FX for the purchase of 43 commodities from the official market, which plea
Abstract：The Central Bank of Nigeria last week lifted its ban on obtaining FX for the purchase of 43 commodities from the official market, which pleased the business community but also raised some concerns in the midst of a crushing foreign cash shortage. The top bank declared that it was increasing the amount of dollars available on the market and releasing importers to buy at official window. While there are compelling arguments in favor, there are concerned about some of the things on the list.