Naira gains marginally as FX market resumes trading
Nigeria's foreign exchange (FX) market resumed trading on Tuesday after the holiday, with naira gaining marginally (0.05) against the dollar at the official market.
After trading on…
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Nigeria’s foreign exchange
Global lending body criticises Nigeria’s foreign exchange strategy
The World Bank has criticised Nigeria’s current foreign exchange strategy as a restrictive and non-investment-friendly choice which may have cost the country its current inflation woe.…
Nigeria’s gathering FX storm and why it could be end game for businesses
A picture is emerging of the roots of the foreign exchange struggle faced by Nigeria’s businesses and how it could be a lost battle if the Central Bank does not act quickly.
According to…
Bloomberg User’s Guide to Navigating Nigeria’s Foreign-Exchange Maze
Nigeria, under pressure from multilateral lenders, has vowed to untangle its Byzantine foreign-exchange regime that deters investment in Africa’s biggest economy. But the slow pace of change…