Tag: Forex Restriction Policy
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CBN tackles IMF on forex restriction policy over FDI inflow
Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has opposed the observation put forth by the International Monetary Fund (IMF) that restrictions placed by the federal government on foreign exchange on some items was impeding the flow of Foreign Direct Investments (FDIs) into Nigeria. The CBN chief made his stance known on Sunday…
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Nigeria rejects IMF’s advice to reverse forex restriction policy on 43 items
Nigeria has rejected the advice to reverse its policy on restriction of foreign exchange on 43 items that can be produced locally. The country disagreed with the International Monetary Fund (IMF) that the policy was making foreign capital inflow into the country difficult. Central Bank of Nigeria (CBN) Governor Godwin Emefiele, who spoke at the…