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The Central Bank of Nigeria (CBN) said the recent appreciation of the Naira against other currencies was the result of its market monitoring and intervention.
The new forex policy by the CBN would increase availability of foreign exchange to all end users and ease the difficulties Nigerians encounter in funding forex.
The newly introduced foreign exchange policy by the Central Bank of Nigeria (CBN) will help shore up the naira, an official of the bank has said on Wednesday.
Under the new policy, Nigerians can now access forex for payment of school fees for Nigerian students abroad, medical expenses, personal travel allowances.
The new foreign exchange policy of the Central Bank of Nigeria (CBN) has already started taking its toll on the Nigerian currency.