CBN’s multiple forex rate eliminates frivolous demand
By CNBC
28 April 2017 |
11:52 am
The Central Bank of Nigeria says its multiple exchange rate systems has eliminated frivolous demand in the system. Babatunde Adama, Head of Trading at Citi Nigeria joins CNBC Africa to review the fixed income and forex Markets.
In this article
Related
6 May 2021
Many Sudanese are cutting down on groceries for Ramadan feasts this year as acute inflation blunts the impact of a donor-funded scheme to pay most citizens a basic monthly income.
5 May 2021
Madagascar is facing a second deadly wave of Covid-19, as the South African variant spreads across the island nation. In the past month, almost 13,000 infections and 250 deaths have been recorded, according to official figures that likely represent a vast underestimate. The situation is spiralling out of control and has been worsened by shortages of oxygen and medicine, with hospitals overwhelmed. Meanwhile, the authorities are downplaying the gravity of the situation. The first vaccines are due to arrive at the end of the week in Madagascar. Our correspondent Gaëlle Borgia reports.
5 May 2021
Hospitals are full, oxygen supplies are low, doctors are exhausted and locals don't trust the government. Why is Tunisia the worst affected country in North Africa?
15 May 2021
Israel's air defence system "Iron Dome" intercepts rockets launched from the Gaza strip at night. More than 100 rockets were fired tonight from Gaza towards Israel by multiple Palestinian armed groups, Hamas Islamists who control the blockaded enclave said.
12 May 2021
Here are a few reasons to pick up a copy of The Guardian on Thursday. Find these stories and much more when you grab a copy of The Guardian on Thursday.
14 May 2021
Ireland's health regulator said the shutdown of health system computers is a precaution and the COVID vaccination program is unaffected.
27 Jun 2021
The Taliban has promised to "accommodate all rights" of women and men, in line with Islamic and Afghan traditions. Concerns are rising that the militant group will roll back 20 years of progress on women's rights.
22 Jun 2021
Here are a few reasons to pick up a copy of The Guardian on Wednesday. Find these stories and much more when you grab a copy of The Guardian on Wednesday.
15 Aug 2021
A new survey by Arab Barometer adds numbers to the narrative that COVID has led to a harsher reality for women in the Middle East and North Africa.
4 Aug 2021
President Jair Bolsonaro claims that electronic voting allows fraud, casting doubt on the 2022 presidential election. Thousands marched in cities to show support, though he remains unpopular in opinion polls.
13 Aug 2021
The Brazilian president has threatened to not accept the results of next year's election should the current electronic voting system remain in place.
16 Aug 2021
Apple has defended a new system that scans users' phones for child sexual abuse material (CSAM).
Latest
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Friday.
1 day ago
British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis.
1 day ago
The Ukrainian fighters who surrendered at the Azovstal steelworks are now in Russian captivity. Ukraine is hoping for a prisoner exchange.
1 day ago
The European Union plans to invest up to €300 billion to reduce its dependence on Russian fossil fuels, the European Commission announced.
1 day ago
North Korea reported more than 200,000 new illnesses on Thursday, bringing the total number of suspected cases to 1.98 million. Pyongyang has also not responded to offers of help from the WHO and other countries.
1 day ago
Bombs and weapons used in Afghanistan by militants and US forces are making their way into India-administered Kashmir, raising fears that they could bolster an Islamist insurgency in the area.