Home -
Original -
Main body -

WikiFX Express

Exness
TMGM
XM
EC markets
FXTM
AVATRADE
FOREX.com
IC Markets Global
FXCM
D prime

THE CBN'S RT200 FX POLICY WOULD RESHAPE EXPORTERS' MINDSETS AND ADD VALUE TO THEIR COMMODITIES

WikiFX | 2022-04-15 16:17

Abstract: Let us now turn our attention to the first item of discussion for today: the central bank of Nigeria formally announced the commencement of the RT200 FX program in an effort to gain 200 billion dollars in FX repute over the following three to five years. The Rt200 forex program is based on the background value of increasing export facilities, non-oil commodity expansion facilities, and by on or non-all export summits. This strategy is projected to boost and weaken the supply side of the foreign exchange market, which is more important and influential than demand management involvement in the foreign exchange market.

img_v2_c71b1099-84b3-45e6-9804-ba5375961d9g.jpg

Let us now turn our attention to the first item of discussion for today: the central bank of Nigeria formally announced the commencement of the RT200 FX program in an effort to gain 200 billion dollars in FX repute over the following three to five years. The Rt200 forex program is based on the background value of increasing export facilities, non-oil commodity expansion facilities, and on or non-all export summits. This strategy is projected to boost and weaken the supply side of the foreign exchange market, which is more important and influential than demand management involvement in the foreign exchange market.

According to Isaiah Ndukwe, Head of Export and Agric Firms at Fidelity Bank, the Central Bank of Nigeria's (CBN) new RT200 FX Policy would encourage more firms to export and encourage exporters to add value to the commodities they export.

He made the statements while speaking at a workshop organized by Fidelity Bank in Akure, Ondo State, themed “Harnessing Export Business Opportunities, CBN RT200 FX Policy: Policy Sensitization, Emerging Sector Issues, and Business Implications.”

Representatives from important players in Nigeria's financial services and export industries attended the event.

Representatives from the Nigerian Export and Import Bank (NEXIM), the Cocoa Exporters Association of Nigeria, and the Nigerian Export Promotion Council (NEPC) were also present.

In a statement issued by the Bank, he stated that the CBN's efforts to achieve $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years had been further accelerated.

Ndukwe remarked that “Fidelity Bank is perfectly positioned to promote the CBN policy effort to minimize the country's dependency on oil income.”

He stated that the bank is committed to growing the export business in critical sectors of the economy by aiding exporters.

“The new policy will change exporters' thinking and inject value addition on their goods, allowing them to earn more cash,” he explained further.

“With the implementation of this strategy, the CBN has said that foreign currency supply to commercial banks would cease by the end of 2022, while investors will be able to create forex through the RT200 FX Program template, which has been developed to enhance commodities exports.”

The central bank established the RT200 FX Program on February 10, 2022, as part of an effort to restrict escalating demand for foreign currency by importers, with the goal of relieving excessive pressure on the exchange rate.

Babatunde Fatimiro, a cocoa farmer who attended the event, praised Fidelity Bank for the sensitization series, stating, “In Ondo State today, cocoa has a dedicated agency; this is rare in Nigeria.” When examining the potential, inclusive advantages, and economic impact of cocoa production on the Nigerian economy, I have no doubt that cocoa will overtake crude oil in terms of economic importance in Nigeria one day. Initiatives like Fidelity Bank's workshop will help us accomplish this quickly, and I encourage them not to give up on their efforts to diversify the economy.

image.png
Forex newsForex tradingmonetary policy

Related broker

Regulated
XM
Company name:TRADING.COM MARKETS UK LIMITED
Score
9.32
Website:https://www.xmcntech.com/gw.php?gid=146696
15-20 years | Regulated in Australia | Regulated in Cyprus | Regulated in United Arab Emirates
Score
9.32
No Regulation
North Star DMCC
Company name:NorthStar Limited
Score
2.33
Website:https://northstardmcc.com/
5-10 years | Suspicious Regulatory License | MT4 Full License | Regional Brokers
Score
2.33
Unverified
trade245
Company name:Trade245 (Pty) Ltd
Score
2.01
Website:https://www.trade245.com/
5-10 years | Suspicious Regulatory License | White label MT5 | High potential risk
Score
2.01
No Regulation
S.A.M. TRADE
Company name:S.A.M. Trade (Asia) Pte Ltd.
Score
1.60
Website:https://www.samtradefx.com/
5-10 years | Suspicious Regulatory License | Suspicious biz area | Forex Trading License (EP)
Score
1.60
No Regulation
OspreyFX
Company name:Osprey Limited
Score
1.58
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.58

Read more

Binany Review: Examining Reported Withdrawal Denials & Deposit Failure Complaints

Binany, a United Kingdom-based forex broker, has been accused of severe trading misconduct by users worldwide. These include the usual withdrawal denial problems, accompanied by the contradictory move from the broker when processing deposits and withdrawals, deposit credit failures, and poor customer service, etc. Annoyed by these undesirable experiences, many traders have gone online and expressed their frustration. In this Binany review article, we have reviewed these complaints thoroughly and shared our overall analysis about the brokerage firm. Read on!

Original 2026-04-06 21:03

FOREX.com Analysis Report

FOREX.com presents a troubling paradox that should give traders serious pause before committing their capital. Despite accumulating 218 reviews and showcasing notable strengths like responsive customer support, a user-friendly interface, and fast execution with low latency, the broker ultimately earns a "Not Recommended" status with a middling 6.5 out of 10 rating. While 154 positive reviews might initially seem encouraging, the concerning 19.7% negative rate reveals systemic issues that overshadow any technical advantages. The most alarming problems reported by traders center on fund safety issues, withdrawal delays and rejections, and support teams that are slow to respond with no meaningful solutions—a stark contradiction to claims of responsive service.

Original 2026-04-06 18:56

Is AXIORY Safe or Scam? A 2026 Deep Dive

When choosing a forex broker, safety is always the most important question. Traders often ask, "Is AXIORY Safe or Scam?". This review takes a close look at AXIORY's business practices, government oversight, and what users are saying about them. We're using information only from WikiFX, a worldwide platform that checks broker regulations. Our goal is to give you clear, fact-based information to help you make a smart choice.

Original 2026-04-06 15:45

AXIORY Regulatory Status: A Complete Guide to Its Licenses and Company Details

When choosing a broker, safety and regulation should be your first concern. For AXIORY, the situation is complicated and requires careful attention. Most clients trade through Axiory Global Limited, which is registered in Belize and regulated by the Financial Services Commission (FSC). This is an offshore location, which raises questions about how well your investments are protected. Making this more concerning are important findings from independent review websites. As of our 2025 analysis, AXIORY has a very low trust score, often below 2.45 out of 10. It consistently receives serious warnings, including a "Suspicious Regulatory License" and a "High potential risk" alert. These ratings aren't random - they come from careful analysis of the broker's licenses, business practices, and customer feedback. The information shows a risk level that potential traders must seriously consider.

Original 2026-04-06 14:07

WikiFX Express

Exness
TMGM
XM
EC markets
FXTM
AVATRADE
FOREX.com
IC Markets Global
FXCM
D prime

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
TMGM

TMGM

Regulated
GTCFX

GTCFX

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
TMGM

TMGM

Regulated
GTCFX

GTCFX

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
TMGM

TMGM

Regulated
GTCFX

GTCFX

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
TMGM

TMGM

Regulated
GTCFX

GTCFX

Regulated

Latest News

You Know What To Do — But You Still Don't Do It. Here's Why.

WikiFX
2026-04-05 00:00

XS Broker Review 2026: Withdrawal Scams & Regulation Issues

WikiFX
2026-04-06 13:40

24markets Exposed: Cloned License, $45,500 User Losses, and Withdrawal Scams Signal Stark Warning

WikiFX
2026-04-06 12:22

ZERO MARKETS Review: Scam Warning & $116K Withdrawal Blocked

WikiFX
2026-04-06 15:29

FOREX.com Analysis Report

WikiFX
2026-04-06 18:56

AXIORY Regulatory Status: A Complete Guide to Its Licenses and Company Details

WikiFX
2026-04-06 14:07

Is AXIORY Safe or Scam? A 2026 Deep Dive

WikiFX
2026-04-06 15:45

Tradeview Markets Review: Regulation, WikiFX Score & Forex Trading Insights

WikiFX
2026-04-06 17:24

Binany Review: Examining Reported Withdrawal Denials & Deposit Failure Complaints

WikiFX
2026-04-06 21:03

Oil back above $110 after expletive-laden Trump threat to Iran

WikiFX
2026-04-06 01:09

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

BelightFx

BelightFx

Ace Forex

Ace Forex

CBF

CBF

SHARPS PIXLEY

SHARPS PIXLEY

Teyler

Teyler

Pi Capital Market

Pi Capital Market

NexGen

NexGen

Anto Global

Anto Global

Neoomatic

Neoomatic

Pride Meta

Pride Meta