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The piece of legislation also sought to make provisions for control, monitoring and supervision of transactions conducted in the Foreign Exchange Market.The proposed law is titled: “The Foreign Exchange Bill, 2024 was read for the first time on Tuesday, Feb. 20.
He said it would also contribute to the sound development of the national economy by striving to facilitate foreign transactions and maintain an equilibrium of balance of international payments. Most senators in their various contributions, expressed fears that a fresh legislation, seeking to monitor or control activities of the foreign exchange market apart from what the CBN was doing, could be counter productive.NDIM attacks Gov Diri over alleged 2027 link with Atiku, fight against Tinubu
“Senators who have spoken, have summarised and amplified meticulously, the contradictions and negative implications of passing the law.
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