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HomeBankingNigeria Banking & Finance Current Affairs Quiz: 24 Feb, 2022

Nigeria Banking & Finance Current Affairs Quiz: 24 Feb, 2022

The BigNaira Nigeria Banking & Finance Current Affairs Quiz (NBFCAQ) is equipped to help you stay current and updated with latest banking and finance news and daily National current affairs as they unfold.

BigNaira NBCAQ provides you best compilation of Nigeria Banking Current Affairs 2022. Find the most relevant and updated Current Affairs for Banking and Finance Exams, interviews and above all for knowledge-base.

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1. The Central Bank of Nigeria’s new scheme to improve dollar supply is known as

[A] Bankers’ Committee “RT400 FX Scheme
[B] Bankers’ Committee “RT200 FX Programme”
[C] Bankers’ Committee “RT300 FX Scheme”
[D] None of the above

Correct Answer: [B] Bankers’ Committee “RT200 FX Programme”

Note:

The Central Bank of Nigeria (CBN) on Thursday, February 24, 2022 announced a new scheme to improve dollar supply, known as Bankers’ Committee “RT200 FX Programme”, which stands for the “Race to $200 billion in FX Repatriation.”

Godwin Emefiele, governor of the CBN, announced this at a virtual press conference after the bankers committee meeting.

“The RT200 FX Programme is a set of policies, plans and programmes for non-oil exports that will enable us attain our lofty yet attainable goal of US$200 billion in FX repatriation, exclusively from non-oil exports, over the next 3-5 years,” he said.

2. The RT200 FX Programme is a set of policies, plans and programmes for?

[A] Oil Exports
[B] Oil FX Exports
[C] Non-Oil Exports
[D] All of the above

Correct Answer: [B] Non-Oil Exports

Note:

RT200 FX Programme is an initiative of the Central Bank of Nigeria (CBN) which aims to raise $200 billion in Foreign Exchange (FX) earnings from NON-Oil Proceeds over the next 3-5 years. It is anchored on a five-point agenda with a view to raising $200 billion in FX earnings in the next five years. A major anchor of the program is the Non-Oil Export proceeds repatriation Rebate Scheme.

3. Which one of the following is not a key anchor of the CBN RT200 Programme?

[A] Value-Adding Exports Facility,
[B] Non-Oil Commodities Expansion Facility
[C] Non-Oil FX Rebate Scheme
[D] Triannual Non-Oil Export Summit

Correct Answer: [D] Triannual Non-Oil Export Summit

Note:

RT200 FX Programme is anchored on a five-point agenda with a view to raising $200 billion in FX earnings in the next five years. A major anchor of the program is the Non-Oil Export proceeds repatriation Rebate Scheme.

The RT200 Programme will have the following five (5) key anchors: Value-Adding Exports Facility, Non-Oil Commodities Expansion Facility, Non-Oil FX Rebate Scheme, Dedicated Non-Oil Export Terminal and Biannual Non-Oil Export Summit.

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