Divergent views as Nigeria devalues official exchange rate by 8.17%

Divergent views as Nigeria devalues official exchange rate by 8.17%

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Nigeria on Monday devalued its official exchange rate by 8.17 percent, a development that has triggered different views among analysts in the financial sector. Zainab Ahmed, minister of finance, told reporters in Abuja on Monday that government would start to use the flexible rate, which had until now applied to investors and exporters, for government…

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