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Nigeria’s National Economic Council, the country’s top economic body, welcomed on Thursday the central bank’s decision to adopt a flexible exchange rate policy, a spokesman said on Thursday.
“It will help the economy and ease the access to forex,” said a spokesman for the body grouping the federal and state governments. “At the end of the day we should be better off.”
Nigeria’s removal of fuel subsidies in late May 2023 and the shift toward a more market-reflective foreign exchange regime have…
… Says Nigeria’s higher oil output expected to offset lower international oil prices Monetary policy stances are likely to remain…
Africa’s financial architecture is undergoing a quiet but consequential reset. Governments are reasserting control over strategic assets, leaning more heavily…
British International Investment (BII), the UK’s impact investor and development finance institution, on Tuesday announced it will be an anchor…
