First Bank Nigeria

I&E fx window attracts $11.2bn as reserve stood at $33bn: FBN research

Report according to the investment and research arm of FBN Holdings showed that the Investors’ and Exporters’ (I&E) Forex Window has attracted $11.2 billion as at September 15. The foreign exchange reserves which currently stand at $33 billion is expected to cover 8.1 months imports, when imports of services are added, it said. The research […]

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CBN declares eCCI import process for foreign investors

Amid excitement of inflow of over $7 billion into the economy in nearly five months via the Investors’ & Exporters’ Forex Window (I&E), the Central Bank of Nigeria (CBN) has instructed banks and other authorized dealers to implement electronic Certificate of Capital Importation (eCCI) for foreign investors. According to correspondent, the Certificate of Capital Importation […]

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