Nigeria Devalues Naira on Migration to Single Exchange Rate

well done...smart move..devalue and export more..finally a central bank knowing how to persevere this environment

Are you sure they know what they are doing?

They certainly dont know what they are doing. They think this is going to be a quick fix magic bullet to enable them to export more

This people are just clueless, It's good morning for you guys ehn, people have been suffering with all this round peg in square holes policies. Can't we just get this right for once.

What are they exporting? Exporting only crude oil and at the same time importing refined petroleum from other country. What a joke.

policy somersault

More devaluation in future, unless export is more than black gold

Without knowing much about Nigeria, that kind of trade seems OK to me. Really. Vertical integration is not in itself economically optimal.

Watch out! There will certainly be further devaluations in no distant time.

Clueless people, a non productive economy, feeding his citizens with abject unemployment and poverty in Nigeria and still devalued its currency. Selfish interest

Naira is really not the problem here cause these people that determine the value of it is the same people that stand the chance to gain the most from it not it's citizen or non political parties and people living in this corrupt currently in diaspora country. In case you're not aware Nigeria has the highest participant in crypto currency market with 33%, that's 1/3 of the market. Why? You'll say it's because of profit and gains well every investment garnered gain if not loss but the motive behind this motion is trust and I tell you that's my safe haven or 33% of Nigerians safe haven