Amid Emefiele's Suspension, FGN Deregulates Forex Trade, Gives Commercial Banks Access To Trade At Any Rate

 A few days after the suspension of the governor of Central Bank of Nigeria ( CBN), Godwin Emefiele, the CBN has reportedly deregulated the forex trading for commercial banks.

According to report by Daily Post, commercial banks have been granted liberty to trade forex at a deregulated rate. This implies that they are to sell and buy forex at any rate other than at rate determined by the CBN 

However, the report is yet to be confirmed by the CBN.

More details shortly..

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