June 24, 2020 / 10:53 AM / in 17 days

Nigeria central bank to work to unify FX rates across markets -cenbank document

ABUJA, June 24 (Reuters) - The Nigerian central bank will work towards gradual unification of exchange rates across all forex windows, the bank said in a document seen by Reuters on Wednesday.

Nigeria, Africa’s largest economy, operates a multiple exchange rate regime which it has used to manage pressure on the currency and to absorb the impact of an oil price crash. (Reporting by Chijioke Ohuocha; Editing by Catherine Evans)

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