- Nigerian currency reacted differently to the decision by the CBN to lift the forex ban on 43 items after eight years
- At the official market, the Naira recorded a positive performance, improving by 2.3%, but fell at the black market
- However, experts have predicted a much better future for the Naira at the black market and have also advised the CBN
The Nigerian currency had a mixed trading performance in the foreign exchange markets following the Central Bank of Nigeria’s decision to lift the ban on 43 items.
Nigeria has several foreign exchange markets, such as the official Investors and Exporters (I&E) window, along with two unofficial needs known as the parallel and peer-to-peer markets.
