Nigeria officially dumps multiple exchange rates as full unification beckons

The CBN retained the old N379 per USD official rate on its website which created some confusion for investors

The Central Bank of Nigeria (CBN) took a major step towards full exchange rate unification Tuesday after uploading the more market reflective NAFEX rate of N410.25 per US dollar on its website. A full unification entails closing the gap between the now sole official rate and the parallel market r

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