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The naira's partial float.
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DOI: 10.1108/OXAN-DB220688
ISSN: 2633-304X
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Geographic
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This reflects broader investor concerns over the risk profile of Nigeria’s debt. Ballooning fuel subsidy payments resulting from high oil prices have contributed to these fears…
Economic outlook for Nigeria.
Instead it ordered that all foreign exchange purchases should occur through commercial banks. This move aims to stabilise the value of the naira by reducing effective domestic…
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DOI: 10.1108/OXAN-DB263667
ISSN: 2633-304X
Keywords
Geographic
Topical
This period was marked by two dramatic policy moves: the removal of a costly fuel subsidy and a major devaluation of the naira. Both moves are crucial for reforming Nigeria’s…