Exchange Rates

The World Bank has advised the Nigerian Government to unify the nation’s multiple exchange rate windows and carry out a number of other reforms to strengthen the economy and restore macroeconomic stability. In its latest Macro Poverty…

The Central Bank of Nigeria (CBN) has began the gradual harmonisation of exchange rates with the removal of N379/$1 official rate from its website. The move by the apex bank is one of the first indications of exchange rate harmonisation…

The International Monetary Fund (IMF) in its latest economic assessment of Nigeria, Africa’s largest economy, has recommended exchange rate reforms to establish a unified rate and allow greater flexibility, while calling for strengthened…