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The move has resulted in official rates depreciating sharply and converging with the parallel market rate; the spread has narrowed to just 16%. The change in policy means that the…
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DOI: 10.1108/OXAN-DB281160
ISSN: 2633-304X
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Nigeria's forex dynamics
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DOI: 10.1108/OXAN-DB233972
ISSN: 2633-304X
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Although the promise of Cuba's 'opening' has brought a rush of high-level US and European visits, change will be slow. Negotiations to restore diplomatic relations with…
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DOI: 10.1108/OXAN-DB199899
ISSN: 2633-304X
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The stability of the lira since June 2022 is primarily a result of President Recep Tayyip Erdogan’s government shoring up the currency despite cutting interest rates. The…
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DOI: 10.1108/OXAN-DB275967
ISSN: 2633-304X
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It highlighted how the severe, three-year crisis has been deepened by “a failure to take much needed policy action” and “resistance from vested interests to reforms”. It also…
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DOI: 10.1108/OXAN-DB280185
ISSN: 2633-304X
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Despite hopes that the revocation of US sanctions in October would ease economic hardships, the economy is struggling. Efforts to attract new investments have enjoyed little…
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DOI: 10.1108/OXAN-DB228001
ISSN: 2633-304X
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Cardoso replaces former Governor Godwin Emefiele, who is currently facing corruption charges. The Senate also confirmed four deputy governors, making it the first time in the…
NIGERIA: Unified exchange rate may boost investment
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DOI: 10.1108/OXAN-ES279848
ISSN: 2633-304X
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With second-quarter targets unmet, the deal was delayed by conflicting positions on fiscal and exchange policies. Economy Minister Sergio Massa’s recent policy package paved the…
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DOI: 10.1108/OXAN-DB281076
ISSN: 2633-304X
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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…