Is there an end to the Naira’s depreciation after Free-floating FOREX rate?
To promote stability and transparency in foreign exchange operations, the exchange rates have been harmonised.
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Can Tinubu break the dollar conundrum?
The importation of refined petroleum has significantly contributed to the country’s import bill, which requires foreign exchange. A review of the OEC data shows that refined petroleum took 18.3 percent of the country’s import bill in 2021.
FG’s 2021-2023 MTEF Pegs Naira At N360/$1, Oil Price at $40 Per Barrel
The Federal Government of Nigeria has retained N360 to a dollar as the country’s official exchange rate. This was according to the 2021 – 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. The details were released by the Ministry of Finance, Ahmed Zainab, during a “Public Consultative Forum,” on Friday.