CBN’s new FX manual may raise Dollar liquidity, enhance market confidence

By Emeka Anaeto, Business Editor
The implementation of the fourth edition of the Foreign Exchange Manual by the Central Bank of Nigeria (CBN) recently launched in Abuja and will be taking off on June 1. The new manual is expected to deepen FX transparency, improve liquidity and strengthen market confidence and liquidity. The new policy also aligns with the CBN’s broader vision of ensuring that businesses and individual have equal access to FX in a transparent and liquid market.
The recent launch of the fourth edition of the Foreign Exchange Manual by the Central Bank of Nigeria signals (CBN) a major step in ongoing efforts to deepen transparency, improve liquidity, and strengthen conf...