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BREAKING: CBN Allows Banks to Trade Forex Freely at Market Rates

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The Central Bank of Nigeria (CBN) has recently introduced a significant policy change, granting banks the freedom to trade foreign exchange (forex) at market-determined rates. This move marks a departure from previous regulations that imposed strict controls on forex trading.

Under the new guidelines, banks in Nigeria are now empowered to determine the exchange rates at which they buy and sell forex to customers.

More Details later………………

A writer at Parallel Facts