Nigeria Senate Rejects Bill to Amend Foreign Exchange Act As CBN Sells $122.671m To BDCs

On Thursday, the Nigerian Senate rejected a bill seeking to amend the Foreign Exchange Act of 2004, citing concerns that the proposed legislation could undermine current efforts by the Central Bank of Nigeria (CBN) and create confusion in the foreign exchange market. The bill, titled “The Foreign Exchange (Control and Monitoring) Bill, 2024 (SB. 353),” [...]The post Nigeria Senate Rejects Bill to Amend Foreign Exchange Act As CBN Sells $122.671m To BDCs appeared first on Tekedia.

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