GOV. SANWO-OLU IN LONDON SEEKS FOREIGN INVESTMENTS, PARTNERSHIPS.(PHOTOS). #PRESS RELEASE.

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SANWO-OLU IN LONDON SEEKS FOREIGN INVESTMENTS, PARTNERSHIPS   •Governor charges Commonwealth states to bring capital, technology, expertise to Lagos The Governor of Lagos State, Mr. Babajide Sanwo-Olu, on Monday charged the Commonwealth’s 56 member states to invest in Africa, particularly Lagos, by bringing their capital, technology and other expertise, promising that they will find not just market and opportunity but partner and relationship.   He said the Commonwealth's greatest advantage is not simply its shared language, shared laws or shared history but its people, noting that nowhere is that advantage more vivid, dynamic or consequential than in Africa.   Speaking as a Keynote Speaker at the opening ceremony of the Commonwealth Trade and Investment Summit held at Mansion House, London, on Monday, Governor Sanwo-Olu said Lagos is ready for partnerships and relationships with global investors.   The theme of the opening session is “The Commonwealth's Advantage". ...

CBN ANNOUNCES UNIFICATION OF ALL FOREIGN EXCHANGE RATE WINDOWS. (PHOTOS).#PRESS RELEASE


CBN announces unification of all foreign exchange rate windows

The Central Bank of Nigeria (CBN) has announced the unification of all segments of the forex market collapsing all windows into one.

What this means now, is that the exchange rate in the Nigerian Foreign Exchange (FX) Market will now be determined by market forces.

Previously, there were different windows and a fixed exchange rate system in place. However, with the recent changes, the exchange rate will be determined through the Investors and Exporters (I&E) window, where transactions will be conducted

The apex bank made the move as part of a series of immediate changes to operations in the Nigerian Foreign Exchange (FX) Market, a move that will improve liquidity and stability.

The apex bank announced this in a press release signed by the Director of Financial Markets, Angela Sere-Ejembi, PhD.
One more photo below. 

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