Nigeria's leading finance and market intelligence news report.

Financial experts suggest policy direction for naira in 2021

… ask CBN to accept flexibility of FX … stop cash payment to exiting investors

Experts in the financial services sector on Tuesday suggested policy direction that could normalise the pressure in the foreign exchange market. One of the suggestions as was given by Bismarck Rewane, CEO, Financial Derivative Company, was that Nigeria’s Central Bank should accept flexibility of exchange rate. “A strong naira means a strong economy. Competitive devaluation…

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