Nigeria's leading finance and market intelligence news report.

CBN’s snail-paced exchange rate unification frustrates investors

Central Bank of Nigeria (CBN) may have taken an extra step towards unifying its multiple exchange rates eventually by devaluing the naira at one of its currency intervention sales Friday, but investor’s confidence remains abysmal. “Although it does signal that the CBN is gradually starting to come around with the idea of having one exchange…

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