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Economics2h 16m ago
A new IMF study finds that Nigeria's 2023 shift to a floating exchange-rate regime has strengthened monetary policy transmission and reduced foreign-exchange market distortions.
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Nigeria
Who
International Monetary Fund (IMF), Central Bank of Nigeria (CBN), Nigeria
What
A new IMF study finds that Nigeria's 2023 shift to a floating exchange-rate regime has strengthened monetary policy transmission and reduced foreign-exchange market distortions.
When
Fri, 19 Jun 2026 19:00:28 GMT · 2h 16m ago
Where
Nigeria ·
Why
The June 2023 exchange-rate unification reform aimed to eliminate market distortions and restore investor confidence, with the IMF study assessing its outcomes.
The Frontline Impact
How this affects you
The reform has reduced the parallel-market premium to 9 percent and increased exchange-rate volatility to 11.6 percent, improving transparency and investor confidence but increasing exposure to global financial shocks.
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