How CBN is stabilising Naira –Emefiele 

In his virtual goodwill message at the opening of the 32nd Seminar for Finance Correspondents and Business Editors in Akure, Emefiele, who was represented by the Deputy Governor, Corporate Services of the CBN.

Mr Lamtek Adamu, noted that the apex bank’s demand management policy was one of the rafts that made the naira remain largely stable at the import and export (I & E) window, particularly since the discontinuation of FX allocation to Bureau De Change operators along with the convergence between the CBN and NAFEX rates.

“Banks are now able to meet the demands of their customers seeking forex for SMEs, school fees, medical and PTAs.