Day: January 4, 2021
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Naira crawling peg?
The Central Bank of Nigeria (CBN) follows a managed exchange rate policy, but is it moving towards a crawling peg? Last year saw several changes in the CBN’s official rate, and smaller (though significant) changes in Naira exchange rates quoted by FMDQ, Nigeria’s over-the-counter (OTC) exchange. Moves recorded in the last trading sessions of 2020 […]
