Foreign Exchange in Nigeria – Management of Foreign Exchange In Nigeria By CBN

Foreign Exchange in NigeriaManagement of Foreign Exchange In Nigeria By CBN

In Nigeria, the term foreign exchange has become a house hold expression  due to the activities of the street hawkers of this very essential commodity. According to Aniforrse (1997:19) “foreign exchange is a financial assets usually denominated in foreign asset earned through exports of good and services as will as inflows of foreign investments, external grants and loans. The quantum of foreign exchange available of any point in time constitutes foreign exchange resources or restores. [Read more…]