Act of 2004 opens way for CBN to unfreeze FX markets

Devaluation worries return as foreign investors press pause on Nigeria

Nigerian businesses and manufacturers may soon get some relief as the Central Bank of Nigeria (CBN) moves to reform and restore liquidity and two-way quotes to the autonomous foreign exchange (FX) markets which have been gummed up for more than a year. Sources tell BusinessDay that the need to activ

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PATRICK ATUANYA & Theodora Kio-Lawson

Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more