Nigeria’s NAFEX adoption may be long walk from full unification

Why Nigeria’s adoption of NAFEX rate may be long walk from full unification

The government had since March adopted the Investors and Exporters window rate for government transactions

The move by the Central Bank of Nigeria (CBN) last Tuesday that saw the regulator adopt the NAFEX rate of N410.25 per US dollar on its website received accolades from many industry players as they tagged it a ‘major step’ towards full exchange rate unification. But, analysts say though commen

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