Teneo-Europe-Report

March 23, 2020

NIGERIA: CBN caving in to FX pressure, but not without a fight

BY Malte Liewerscheidt

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( 3 mins) The official response to the oil price crash and the COVID-19-induced economic crisis continues to evolve at a rapid pace. The division of labor is clear: the federal government zeroes in on cutting expenditure and shoring up the shrinking revenue base, while it falls to the Central Bank of Nigeria (CBN) to provide economic stimulus […]

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