BusinessDay
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Breaking: Nigeria shocks investors after pegging exchange rate at N360/$ in MTEF document

Investors were left bewildered after Nigeria’s Federal Government maintained projections for an exchange rate of N360/$ in the years from 2020 through 2023 in its newly revised Medium Term Expenditure Framework (MTEF). Nigeria seemed to be progressing in collapsing its multiple exchange rates into the I & E window rate of N386/$. In the past…



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