Tag: EFEMS
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Why we implemented EFEMS – CBN Gov, Cardoso
Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, says the apex bank’s decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is to ensure trust.
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CBN sells $543m to banks to check market volatility
The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between September 6 and September 30.
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Real reason CBN introduced EFEMS for FX transactions
The Central Bank of Nigeria (CBN) has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS) for Foreign Exchange (FX) transactions in the Nigerian Foreign Exchange Market (NFEM).