Nigeria to Introduce New Rules Before December to Close FX Gaps

Nigeria is planning to introduce new foreign exchange rules to reduce the gap between the official and parallel market rates for the naira, according to Bloomberg. As part of the move, the government hopes to close the more than 45% gap by year-end, according to Taiwo Oyedele, chair of the presidential committee on fiscal policy … Continue reading Nigeria to Introduce New Rules Before December to Close FX Gaps