CBN shifts forex transactions to I&E window

CBN shifts forex transactions to I&E window     The Central Bank of Nigeria (CBN) has shifted official forex transactions to the Investors’ & Exporters (I&E) forex window, it was learnt yesterday. The apex bank’s  adoption of a new flexible exchange-rate policy for official transactions effectively marks the third devaluation of the naira in a year. The exchange rate in the Investors and Exporters Window ( I&E window ) also called the Nigerian Autonomous Foreign Exchange -NAFEX has remained at N410/$1 since February. The naira exchanges at N486 to dollar…

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