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News A MASSIVE EMPLOYMENT CUT IS ON THE HORIZON AS THE DOLLAR HITS N590 AND FOREX SCARCITY STRIKES MORE
2022-04-16 12:00
Even as the parallel market exchange rate approaches N590/$1, the country's ongoing foreign exchange scarcity has worsened.
WikiFX2022-04-16 12:00
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NewsTHE CBN'S RT200 FX POLICY WOULD RESHAPE EXPORTERS' MINDSETS AND ADD VALUE TO THEIR COMMODITIES
2022-04-15 16:17
Let us now turn our attention to the first item of discussion for today: the central bank of Nigeria formally announced the commencement of the RT200 FX program in an effort to gain 200 billion dollars in FX repute over the following three to five years. The Rt200 forex program is based on the background value of increasing export facilities, non-oil commodity expansion facilities, and by on or non-all export summits. This strategy is projected to boost and weaken the supply side of the foreign exchange market, which is more important and influential than demand management involvement in the foreign exchange market.
WikiFX2022-04-15 16:17
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