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Changing the unfair system of internatio...

Receive free updates from the United States Postal Service We will send you a MyFT Daily Summary email gathering the latest news from the US Postal Service every morning. When the United States helped found the Universal Postal Union in 1874, it sought to create “a single postal territory for the reciprocal exchange of correspondence.” […]

Disabling the Naira Exchange Rate System...

Today, in a floating exchange rate system (MFS) managed qua managed through a single foreign exchange market (SFM), the perennial macroeconomic challenges of CBN policy are dissolving, the development finance concern prompted by the the failing central bank’s monetary policy fades and the FG stops borrowing to finance its budget. How? ‘Or’ What? In MFS, […]

Handicap-the-naira Exchange Rate System ...

A currency dealer counts wads of naira banknotes to be exchanged on the “black market” in Lagos, Nigeria. Photographer: Tom Saater / Bloomberg Central Bank of Nigeria Governor Godwin Emefiele said: “We will continue to apply a managed floating exchange rate regime to reduce the impact of the continued volatility that the exchange rate may […]

Business leaders call for a review of th...

CBI President must call for an independent review of an “uneconomical, unsustainable and unintelligible” business rate regime that is worsening the Main Street crisis. Group of companies chairman John Allan to tell business leaders on Wednesday the ‘broken system’ has contributed to the failure of ailing retailers such as Debenhams, long gaps between reassessments adding […]

Nigeria’s dual exchange rate system coul

Godwin Emefiele’s term as Governor of the Central Bank of Nigeria (CBN) officially ends on June 2. Its dual exchange rate structure, which the IMF has long urged Nigeria to remove, may not last long. Charles Robertson, chief global economist at Renaissance Capital in London, believes that Nigeria is preparing to unify its exchange rate […]

“First Time in New Hampshire” Pricing Sy

In a move that the state’s Consumer Advocate calls “a breakthrough into the 21st century,” the state wants to change the way Liberty Utilities is paid for natural gas to make it easier to create energy efficiency programs. Friday’s New Hampshire Public Utilities Commission decision – involving what’s called “decoupling” – would allow monthly adjustments […]

Morocco wants a smooth transition to a m...

* Bargaining bands will be widened to 2.5% * Bankers say the market is well prepared * Inflation could lead to a depreciation of the dirham DUBAI, Jan. 14 (Reuters) – Morocco’s introduction of a more flexible exchange rate system from Monday may result in only a slight short-term depreciation, analysts and bankers say, but […]

Taxi fares under study; consultants hir...

Consultants have been hired to review taxi fares in the Cayman Islands amid a debate over price fairness. Options, including the use of taximeters, will be considered as part of the review. The Cayman Islands Tourism Association raised concerns last month over high prices and inconsistent pricing, saying it threatened the island’s reputation with visitors, […]

The Nigerian Managed Floating Exchange R...

Wednesday June 15, 2016 5:23 pm / Godwin Emefiele Speech by Godwin I. Emefiele (CON), Governor of the Central Bank of Nigeria at the Unveiling of the Framework for the Reintroduction of the Managed Floating Exchange Rate System 15e june 2016 Good morning ladies and gentlemen and welcome to the Central Bank of Nigeria (CBN). […]

PUC to meet in Fresno for forum on new e...

Electricity rates are expected to be revised over the next few years following a July ruling by the California Public Utilities Commission. A residential electricity rate forum is scheduled for Tuesday in Fresno. John walker Fresno Bee File Representatives of the California Utilities Commission will be traveling to Fresno next week for a public forum […]