Nigeria unifies currency exchange rates, floats nairaThu, 15 Jun 2023 12:59:49 GMT
Nigeria’s central bank has abolished the country’s multiple exchange rate system and effectively floated the naira currency, the bank said, as new President Bola Ahmed Tinubu revamps the country’s monetary policies.Economists, the World Bank and IMF had long urged Nigeria to abandon the complex exchange mechanism and capital controls put into place under former President …
Nigeria unifies currency exchange rates, floats nairaThu, 15 Jun 2023 12:59:49 GMT Read More »