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IMF says Nigeria's FX reforms revived monetary policy as floating naira reshapes inflation - Businessday NG

Nigeria's foreign exchange reforms have restored the effectiveness of monetary policy after years of distortions… the IMF said….

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IMF says Nigeria's FX reforms revived monetary policy as floating naira reshapes inflation - Businessday NG

Nigeria unified its FX market in June 2023, cutting the official-parallel premium from 30% to 9% and restoring Central Bank monetary policy transmission. Currency movements now directly shape inflation dynamics, improving macroeconomic predictability for tech investors in Nigeria.

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How economic policy shifts are influencing Forex activity in Nigeria

Nigeria's shift to market-driven exchange rates and monetary policy reforms expanded forex participation across businesses and consumers. Currency risk management became essential for import firms; mobile trading platform growth drives fintech demand amid policy volatility.

IMF says Nigeria's FX reforms revived monetary policy as floating naira reshapes inflation - Businessday NG

How economic policy shifts are influencing Forex activity in Nigeria

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How economic policy shifts are influencing Forex activity in Nigeria

IMF says Nigeria's FX reforms revived monetary policy as floating naira reshapes inflation - Businessday NG