BudgIT logo – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Wed, 30 Oct 2024 12:34:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png BudgIT logo – InfoStride News https://www.theinfostride.com 32 32 World Bank Urges CBN to Halt Ad-Hoc FX Auctions for Stability https://www.theinfostride.com/world-bank-urges-cbn-to-halt-ad-hoc-fx-auctions-for-stability/ https://www.theinfostride.com/world-bank-urges-cbn-to-halt-ad-hoc-fx-auctions-for-stability/#respond Wed, 30 Oct 2024 12:34:16 +0000 https://www.theinfostride.com/?p=392629 The World Bank has called on the Central Bank of Nigeria (CBN) to discontinue its practice of conducting ad-hoc foreign exchange (FX) auctions, arguing that the approach undermines the country’s economic stability and stifles investor confidence. In a recent report, the international financial institution highlighted the potential benefits of a more predictable FX policy and [...]

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