Nigeria is hooked on CBN borrowing. Here is why it wont be easy to break the habit

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 Nigerian government has become dependent on central-bank borrowing and will struggle to wean itself off the copious money printing that has raised concerns about the health of Africa’s largest economy. After revenues collapsed during the oil shock of 2015, Africa’s largest crude producer

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```