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NIGERIA: How FX scarcity, VAT spat point to 2023

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As the Central Bank of Nigeria (CBN) continues to clamp down on USD sales in the parallel market, the soaring demand for the greenback in that segment may be fueled by the onset of the political campaigning season. In the same vein, the controversy around the jurisdiction over Va...

 

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NIGERIA: How FX scarcity, VAT spat point to 2023

As the Central Bank of Nigeria (CBN) continues to clamp down on USD sales in the parallel market, the soaring demand for the greenback