Tag: Exchange policy

  • Nigeria Adopts New Flexible Exchange Rate Policy

    Nigeria Adopts New Flexible Exchange Rate Policy

    In a move that effectively marks the third devaluation of the naira in a year, Nigeria has adopted a new flexible exchange-rate policy for official transactions. The Federal Government will begin to use the flexible rate– that has until now applied to investors and exporters– for government transactions too, Finance Minister Zainab Ahmed said. The…