Nigeria operates a multiple exchange rate regime, which the Central Bank of Nigeria (CBN) has defended. But the International Monetary Fund (IMF) has faulted the multiple exchange rate regime and ...

Charles Robertson, global chief economist at Renaissance Capital in London, believes that Nigeria is preparing to unify its exchange-rate system this year. “The gains of the dual exchange-rate system ...

Will a brutal decline in the Naira force the country to finally end its multiple-exchange-rate system? In the five months between March and August of this year, Nigeria’s currency, the Naira, fell by ...

In terms of new money going into frontier markets, investor concerns about being able to access their money mean that “Nigeria is not getting a single dollar ...