Tinubu announced plans to adopt a uniform exchange rate in his inauguration speech on May 29. Nigeria has numerous exchange rates, dominated by a tightly controlled official rate, that cuts off access to many businesses and individuals, which in turn drives demand to the unauthorized black market, but patriotic analysts see neoliberal calls for naira |
JOHANNESBURG/ABUJA (Reuters) -Nigeria's sovereign dollar-denominated bonds rallied on Tuesday after new President Bola Tinubu said at his swearing in on Monday that a costly fuel subsidy would be removed and the central bank should work towards a unified exchange rate. | 09:35am
JOHANNESBURG/ABUJA (Reuters) -Nigeria's sovereign dollar-denominated bonds rallied on Tuesday after new President Bola Tinubu said at his swearing in on Monday that a costly fuel subsidy would be removed and the central bank should work towards a unified exchange rate. | 09:35am