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Currency developments have proved surprisingly positive since the introduction of NAFEX in April, with a strong resurgence in foreign equity investments and increased central bank…
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DOI: 10.1108/OXAN-DB223635
ISSN: 2633-304X
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Nevertheless, it represents a 43% depreciation since June 20, when the CBN abandoned its pegged rate of 197 naira to the dollar. The decision follows the first GDP contraction in…
Prospects for African Economies.
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DOI: 10.1108/OXAN-DB235277
ISSN: 2633-304X
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Geographic
Topical
NIGERIA: Currency rules will disrupt business
Nigeria's deep 2.06% year-on-year GDP contraction in the second quarter has hammered business confidence. However, several recent data releases indicate that the downturn's…