CBN to engage currency dealers on stability of forex market

Exporters rake in $1.16b in 3 months

The Central Bank of Nigeria (CBN) Friday disclosed its intentions to engage authorised currency dealers in a meeting to discuss development in the foreign exchange market.

According to a circular released and signed by the apex bank’s Director of Trade and Exchange, Mr Ahmed Umar in Abuja, the meeting would be held at Sheraton Hotel, Ikeja, Lagos on Thursday, July 4.

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In the circular which also serves as invitation, the meeting would engage the participants on developments so far in the foreign exchange market with a view to proffering solutions and to chart a way forward.

Also expected at the discussion are the representatives of Nigeria Customs Service (NCS), representatives of Standard Organisation of Nigeria (SON), and those of National Agency for Food and Drug Administration and Control (NAFDAC).

Babatunde Alao…

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