The Nigerian naira fell off a cliff on Monday morning after the Central Bank of Nigeria removed the currency's peg to the dollar.
The move was an attempt to devalue it in response to tumbling oil prices.
As trading opened for the day, the...
Legatum Institute index says Nigeria – Africa’s biggest economy – is only the 26th most prosperous African country, as fuel shortages hamper growth
Decades of economic growth across Africa have failed to improve the lives of millions of...
Nigeria's pegged exchange rate policy appears unsustainable and undermines government efforts to attract investment and diversify the economy away from oil, the chairman of local lender Stanbic said on Tuesday.
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