The Central Bank of Nigeria (CBN) has unveiled new guidelines aimed at overhauling the country's foreign exchange (FX) market to improve price discovery and enhance transparency.
The reforms, which are set to take effect immediately, include a series of significant changes designed to streamline operations and increase market efficiency.
This was made known via a post shared via the X handle of the Special Assistant to the President on Social Media, Dada Olusegun, on Sunday, December 1.
Nigerian 🇳🇬 singer DAVIDO🗣: "Nobody who is in America should leave America to go back to Africa. I will not lie, it's not cool back home. The Nigerian economy right now is in shãmbles. I even feel ashamēd anytime I go back to Nigeria. When I'm filming, I don't show the bãd parts because I'm an ambassador. But the truth is, there's nothîng good in Nigeria. Don't wãste your time going there. Nothîng is going well in Nigeria. The exchange rate is mēssed up, we have like the lowest currency value in Africa at the moment. The oil prices are too high, the fuel prices are too high. And it's sãd because we produce the oil and fuel but we're paying more money for oil than a country that's importing oil. Entertainment is the only thing that has made Africa look good but in reality we're svffering."___ Davido
Davido bîttērly wãrns Africans, especially Nigerians in America against goîng back to Africa 👀