Quote from Ndubuisi Ekekwe on August 18, 2023, 9:54 AM

A great idea if the rule will be blind, with no exceptions: "The Central Bank of Nigeria (CBN) has introduced a foreign exchange (FX) price verification system (PVS) portal, according to a statement issued by the apex bank on Thursday." The last time we had something close with a cap on forex allocation, per quarter, the loopholes were legendary, and the intended impacts fizzled.

If they could tighten the process, with NO EXCEPTIONS for the big people, this will reduce ridiculous waste of scarce FX!