Tuesday, 26th October 2021
<To guardian.ng
Search

CBN to add more items to FX restriction list – how will this move impact the FX market?

By CNBC
12 September 2019   |   10:40 am
The Governor of the Central Bank of Nigeria says more items will be listed under the forex restriction list. This comes as President Muhammadu Buhari says he told the apex bank to stop providing funding for food imports. Chioma Udu, FX dealer at GT Bank joins CNBC Africa to discuss this and other stories impacting Nigeria’s money market.

Related

4 days ago
Russian President Vladimir Putin orders a nationwide week-long paid holiday starting on October 30 to curb Covid infections amid record coronavirus deaths.
4 days ago
It has been five years since the German government enacted the prostitution protection act. Lawmakers say it protects vulnerable people; many sex workers say it is discriminatory, stigmatizing and has increased risks.
21 Oct
The former Iranian president Mahmoud Ahmadinejad was in Dubai recently for Expo 2020. Many were struck by the many modern, attractive women he was photographed with. Was it by accident or design? Was one photo taken at the Israeli Pavillion?
21 Oct
Ghana's smock garment used to be reserved for royal use. These days, a flood of imported yarn has opened the market to near universal use, and the smock has become a Ghanaian clothing icon. Yet the country's collapsed cotton industry has left the financial fortunes of weavers and smock makers hanging by a thread.
21 Oct
New Zealand Prime Minister Jacinda Ardern announces a comprehensive in-principle free trade agreement with the UK, arrived at after 16 months of talks. London said the deal ends tariffs on British exports such as clothing, footwear, ships and bulldozers. It estimated that trade between the two countries last year was worth £2.3 billion ($3.2 billion, 2.7 billion euros).
2 days ago
The two sides seem worlds apart after the first day of discussions, which were intended to be about rising energy prices, but ended up being overshadowed by an increasingly bitter feud over the rule of law.
3 days ago
"Big John," as the dinosaur was nicknamed, went for millions above the initial estimate from French auction house Druot.
2 days ago
Germany is relatively new to the list of countries with a minimum wage. Now, government coalition talks are considering raising it without using the country's independent expert commission. There are pros and cons.
2 days ago
The head of the Fairtrade Foundation says consumers, businesses and governments need a ‘reality check’ on the situation facing farmers in developing countries. CEO Michael Gidney speaks to FRANCE 24 ahead of the COP26 climate conference, where Fairtrade will be bringing a pledge for businesses. In this pledge, companies will promise to invest in more sustainable supply chains and provide guaranteed prices to farmers.
1 day ago
Luxembourg joins only two other countries and a handful of US states in decriminalizing the cultivation of cannabis for recreational use. However, Germany may not be far behind.
1 day ago
A cocktail bar owner in Bangkok hopes fruity mocktails seasoned with Kratom, a recently decriminalised tropical herb, will help keep his business afloat amid a seven-month ban on alcohol service in the Thai capital. The city, once a popular nightlife spot, is under a curfew and bars, pubs and restaurants are prohibited from selling alcoholic drinks as part of coronavirus restrictions.
13 hours ago
Facebook reported an annual 17 per cent jump in third-quarter net profit, driven by an increase in daily active users and strong advertising sales despite the platform facing multiple controversies that have led to calls for tighter regulation.