This means that the currency appreciated by about 5.9 per cent within 24 hours from the N702.19/dollar recorded at the close of busines
However, the multinational financial services firm expects the local currency to jump to at least the rate on the black market following initial pressure from a monetary policy reset.
The PUNCH further learnt despite unifying exchange rates, the CBN has said that the status quo remains on the 43 non-eligible items banned from the forex market introduced under the suspended governor, Godwin Emefiele. The stated, “The status quo remains on the 43 non-eligible items. The items are not permitted to be funded from the I & E window.”
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