Welcome to 9jaflaver

HOME | MUSICS | FREEBEAT | VIDEOS | NEWS | TECHS | JOKES | COMEDY VIDEOS | GOSPEL

Celebrity News | Education | Fashion | Football Updates | Lifestyle | Funny Photos

Call Only:- +2348111727895 or +2348081377637

You Can Email Us:- [email protected]



« | »

CBN Endorses SSS Raid On Currency Traders


CBN Endorses SSS Raid On Currency Traders

THE Central Bank of Nigeria (CBN) on Tuesday endorsed the crackdown on parallel market forex traders by the officials of the Department of State Services (SSS) across the country.
The CBN Governor, Godwin Emefiele, disclosed this while addressing journalists at the end of its Monetary Policy Committee (MPC) meeting in Abuja.
According to Mr. Emefiele, the foreign exchange regulation in the country forbids trafficking in currency.
He said that the SSS had the right to enforce the law and make sure that currency hawkers were forced out of the “illegal trade.’’
The governor, who said it was demeaning for traders to hawk currency on the streets, urged the traders to legitimise their business by applying for Bureau De Change (BDC) licence.
Officials of the SSS raided the parallel markets in Lagos, Abuja and Onitsha last week over alleged arbitrary sale of forex.
The raid, which worsened dollar scarcity at its wake, forced the naira to settle at N465 to a dollar.
Earlier, members of the MPC unanimously voted in favour of retaining the Monetary Policy Ratio (MPR) at 14 per cent, Cash Reserve Ratio (CRR) at 22.5 percent and the liquidity ratio at 30 per cent.
The governor said that the members of the committee took the decision after a critical assessment of the risks to the economy.
[NAN]

 

Click Here To Comment On This Post

 

Share This Post:-

Also Checkout Latest:-
MUSICS | NEWS | CELEBRITY GIST

[Music] Kiss Daniel – Yeba


[Music] Rankfiizy – Chibo (Laba Dance)


[Music] Wizkid Ft Future – Everytime


[Music] 2Dreadz – Bad Thing


[Music] DJ Consequence Ft Olamide – Assignment


[Music] Patoranking Ft Diamond Platnumz – Love You Die


[Music] Mikki Babi Ft Ellyzzy – Roll It


[Music] Phyno Ft Olamide – Augment

author image
About 9jaflaver owner (Mr Ejump)

Mr Ejump Is the owner/CEO of 9jaflaver, he's an economist, a loving, and friendly young man. CONNECT via:- FACEBOOK TWITTER


Posted by on November 22, 2016.

Categories: 9ja news

There is love in sharing

0 Responses

Don't Just Read A Post And Go, Comment Below To Make The Post Lively

Do You Have Something To Say? Comment In The Box Below

Your Name Below

NOTE:- After Dropping your comment, keep calm, it will take 5mins before it appears.

« | »


Hottest Songs This Week

FOR MORE MUSICS CLICK HERE

Hottest Videos This Week

FOR MORE VIDEOS CLICK HERE

9jaflaver Music Of The Week

Phyno Ft Olamide – Augment

9jaflaver music of the week

DOWNLOAD HERE

Also Check Out This Song Below:-

Rankfiizy – Chibo (Laba Dance)

9jaflaver Club Banger Song Of The Week

DOWNLOAD HERE

Advertise | About Us | Privacy Policy | Contact Us | Content Removal | DMCA

Like us on facebook | Follow us on twitter
Copyright © 2017 9jaflaver
Powered By: 9jaflaver