Nigeria (NGN/USD) Brings Naira Forex Into Open to Defeat Street Market

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Nigeria (NGN/USD) Brings Naira Forex Into Open to Defeat Street Market

Nigeria is bringing foreign-exchange trading back into public view, the latest step in its bid to narrow the gap between the official and unofficial r

Nigeria is bringing foreign-exchange trading back into public view, the latest step in its bid to narrow the gap between the official and unofficial rate of its naira currency.

The country’s financial crimes watchdog has given the Association of Bureaux de Change Operators of Nigeria the go-ahead to publicly post the buying and selling rates of the naira against the dollar online.

www.bloomberg.com

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