The Central Bank of Nigeria has announced that commercial banks can now go ahead to freely trade foreign exchange at any rate they prefer.
This announcement is coming following the suspension as CBN Governor, Godwin Emefiele.
Emefiele’s suspension came after he was heavily criticised for embarking on alleged reckless monetary policy that made life difficult for Nigerians.
Under Emefiele, forex were restricted, especially with regard to international transactions.
Parents who have their children abroad studying had complained about their inability to access forex to fund their education.
Details shortly…