Nigeria, 2 years after rebasing its economy to become Africa’s largest economy, decided to let market forces affect the rate of the Naira to the dollar after months of speculation by the country’s central bank.
Nigeria: On the path of devaluing the Naira [The Morning Call]
Robert Kodingo and Hannane Ferdjani interview Bismarck Rewane, economic expert and CEO of Financial Derivatives over the intrigues. Rewane shares the reason behind the move to let market forces determine the currency’s path and Muhammadu Buhari’s stance on it.