Business

CBN Moves to unify FX rates across markets

Isaac UmunnaComment(0)

The Nigerian central bank will work towards gradual unification of exchange rates across all forex windows, the bank said in a document seen by Reuters on Wednesday.

Nigeria, Africa’s largest economy, operates a multiple exchange rate regime which it has used to manage pressure on the currency and to absorb the impact of an oil price crash.

Pix: CBN Governor, Godwin Emefiele

Isaac Umunna

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