![cbn](https://talkofnaija.com/wp-content/uploads/2019/05/cbn.jpg)
CBN has confirmed NAFEX Investor & Exporter forex window rate is now Nigeria’s official benchmark exchange rate.
The Central Bank of Nigeria reported an official exchange rate of N410.25/$1and referenced it as “NAFEX Exch, Rate (USD) as at Monday, May 24, 2021” on its website.
Earlier in May, the CBN removed the exchange rate of N379/$1 from its website, conforming with the bank’s policy that the NAFEX (Nigerian Autonomous Foreign Exchange Rate Fixing) rate is now the default reference exchange rate for official and legitimate transactions.
Also, the Central Bank of Nigeria’s (CBN) monetary policy committee has voted to keep the monetary policy rate at 11.5 percent.
The CBN governor, Godwin Emefiele, declared the committee’s decision at the end of a two-day meeting at the CBN headquarters on Tuesday, May 25.
The liquidity ratio was also held at 30% and the cash reserve ratio (CRR) was kept at 27.5 percent by the committee.
Are you an artiste? Do you want your music to go viral and reach a large number of audience? Promote your music and Submit your story on UjuAyalogusBlog.com by clicking here. For Advert Inquiries Tel: +44 (0)7590 363 984.
For More, Subscribe To: Uju Ayalogu's Blog Posts Via Email.
No comments:
Post a Comment