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Why Naira rate convergence is unlikely – the Economist

Nigeria has one of the world’s most complex foreign-exchange systems, with at least five exchange rates simultaneously available until recently. Reforming the sys-tem to establishing a coherent and unified foreign-exchange market that can gain the confidence of its users is one of the biggest challenges facing the administration of the president, Muhammadu Buhari. But his […]

The post Why Naira rate convergence is unlikely – the Economist appeared first on BusinessDay : News you can trust....

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Published By: Business News - Wednesday, 13 September