Monday, April 12, 2021

JUST IN: CBN summons currency dealers, others over volatility in forex market


Rayyan Alhassan
Rayyan Alhassan
Rayyan Alhassan is a 30-year-old graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or, or @Rayyan88 on Twitter.
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The Central Bank of Nigeria, CBN, has summoned all authorised currency dealers for a meeting to discuss development in the foreign exchange market.

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The invitation was contained in a circular released and signed by the bank’s Director, Trade and Exchange, Ahmed Umar in Abuja on Friday.

It explained that the meeting would engage the participants on development so far in foreign exchange market with a view to proffer solutions or to chart a way forward.

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According to the circular, the meeting will be held at Sheraton Hotel, Ikeja, Lagos on Thursday, July 4.

The News Agency of Nigeria reports that apart from authorised currency dealers, the representatives of Nigeria Customs Service were also expected at the meeting.

Other participants are representatives of Standard Organisation of Nigeria, SON, and those of National Agency for Food and Drug Administration and Control, NAFDAC.


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