The Central Bank of Nigeria will continue to introduce measures to stabilise the Foreign Exchange Market.
This is according to the Spokesperson for the CBN, Isaac Okorafor. Mr Okorafor confirmed that various forex initiatives introduced in recent weeks are yielding results with stability recorded in the naira exchange rate.
The Central Bank recently opened various windows to meet the demand for forex by Small and Medium-Scale Enterprises, dividend remittances abroad as well as investors and exporters.
Last week, the naira reversed the loss and rose to N380 to the dollar after the CBN increased forex supply.
Meanwhile the Presidential Enabling Business Environment Council has called for the collaboration of the private sector in achieving a better business environment in Nigeria.
Speaking at a breakfast meeting by the Nigerian Economic Summit Group ,the Minister of Trade and Investment Okechukwu enalamah disclosed that the council is focused at identifying the many issues surrounding the ease of doing business and would stop at nothing in addressing them, but not without the full assistance of the organised private sector