Nigeria’s Foreign Exchange Policy: A Step Forward, But No Magic Wand

Nigeria's Foreign Exchange Policy

Nigeria’s foreign exchange market has been buzzing lately, thanks to some significant changes announced by the Central Bank of Nigeria (CBN). These changes, which have sparked a wave of cautious optimism, shift the responsibility of determining currency rates from the central bank to market forces. This move aligns with President Bola Ahmed Tinubu’s administration’s push […]