CBN Confirms N410.25/$ As New Official Exchange Rate

CBN Confirms N410.25/$ As New Official Exchange Rate
Join @Naijakit On Telegram For Instant Updates (Click Here)

CBN Confirms N410.25/$ As New Official Exchange Rate

Cbn Confirms N41025 As New Official Exchange Rate

A new official exchange rate has been confirmed by the Central Bank of Nigeria.

The official exchange rate has been pegged at N410.25/$1 by the Central Bank of Nigeria.

This exchange rate applies to the NAFEX Investor & Exporter forex window.

 

The announcement was made on Monday, May 24, 2021 on its website.

Earlier in May, the CBN removed the exchange rate of N379/$1 from its website, conforming with the bank’s policy that the NAFEX (Nigerian Autonomous Foreign Exchange Rate Fixing) rate is now the default reference exchange rate for official and legitimate transactions.

Also, the Central Bank of Nigeria’s (CBN) monetary policy committee has voted to keep the monetary policy rate at 11.5 percent.

The CBN governor, Godwin Emefiele, declared the committee’s decision at the end of a two-day meeting at the CBN headquarters on Tuesday, May 25.

The liquidity ratio was also held at 30% and the cash reserve ratio (CRR) was kept at 27.5 percent by the committee.

Naijakit creates content to benefit users and artists alike. We do this by showing data in an easy-to-digest format.

We help artists track their progress, promote songs and reach their target audience.

We have permission from the artists to display most of our content, where we do not request permission, Naijakit use content under fair use for purposes such as criticism, comment, news reporting, promotion, and research.

Please do not hesitate to contact us, If Naijakit has infringed on your copyright or the copyright of someone you represent, and you want your media files and lyrics to be removed from Naijakit database.

Naijakit will respond to “any and all take-down requests” that comply with the requirements of the Digital Millennium Copyright Act (DMCA), and other applicable intellectual property laws.

Where we get songs to upload?

Naijakit have an upload form on the site, where users have to be registered

to upload song. Admin look at the song and decide if to approve it or not after some checks.

We also receive songs from artists representatives, artists, bloggers asking us to promote songs on our site.

Naijakit TV


Write a Comment


*NOTE:* You Need To Provide a Valid Phone Number Incase we want to reach you back. or you want us to contact you back.. Via your comment.. Thanks, Your Comment is important to us!