Cumulative transactions on the investors and exporters’ foreign exchange window of the Central Bank of Nigeria since it was established in April 2017 have risen to $60 billion.
The central bank had explained that the purpose of the window was to boost liquidity in the forex market and ensure timely execution and settlement for eligible transactions. This, he said, could be achieved by leveraging digital finance tools in supporting growth across key sectors of our economy including agriculture, manufacturing and the creative industries.
“It could also enhance fiscal buffers by increasing tax revenues and minimising waste in government intervention programs,” the CBN Governor explained.
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