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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Nigeria’s currency window for investors and exporters has traded around $3.83 billion since it was established on April 24, traders said on Monday, with the naira trading more strongly than on the black market. The window, where buyers and sellers are free to agree an exchange rate, was introduced in April to try to attract […]
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Fitch Ratings has said banks’ ability to access foreign currency (FC) has improved considerably since the Central Bank of Nigeria (CBN) introduced a foreign exchange “window” at end-April aimed at investors and exporters. The Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) mechanism, commonly referred to as the “Investors’ and Exporters’ FX Window”, appears to be […]
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