The bank said the new system would be implemented not later than 1 December, 2024.
How Ukraine’s Superhuman Centre is helping war heroes walk againMy lovely two of a kind teachers, By Tunde AkanniNicaragua: The Sandinista Revolution cools off, By Owei LakemfaHow Ukraine’s Superhuman Centre is helping war heroes walk againMy lovely two of a kind teachers, By Tunde AkanniNicaragua: The Sandinista Revolution cools off, By Owei Lakemfa has announced the introduction of the Electronic Foreign Exchange Matching System , for Foreign Exchange transactions in the Nigerian Foreign...
The apex bank explained that the new system is expected to enhance governance, transparency and facilitate a market-driven exchange rate that will be accessible to the public. “The CBN will publish real time prices and buy/sell orders data from the system, and in collaboration with the Financial Markets Dealers Association , publish the rules for the EFEMS,” the statement said.Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.
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