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High Hopes on CBN’s Planned Fine-tuning of Forex Policy

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Following the disclosure by the Central Bank of Nigeria(CBN) that it would continue to fine tune the foreign exchange policy,

expectations are high, given the challenges that had beset the forex system and attendant effects on the economy, write Kunle Aderinokun and Olaseni Durojaiye

As the country continues to grapple with shortage of foreign exchange, particularly the United States dollars, it has emerged that the nation’s FX policy would continue to be fine tuned by the Central Bank of Nigeria. Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, dropped the hint during the just-concluded annual meetings of International Monetary Fund-World Bank, which held in Washington DC, United States.

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