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Central Bank of Nigeria clarifies recent monetary policy decision as managed float, not free float.

Expect further measures to loosen foreign exchange controls in the coming weeks.

Deputy Governor predicts GDP growth of 6% by 2024, expects the naira exchange rate to stabilize
The Central Bank of Nigeria disclosed that the recent monetary policy decision implemented is not a free float but a managed float.

In a recent interview with Bloomberg in Rabat, Morocco, Deputy Governor Kingsley Obiora revealed that the Central Bank of Nigeria clarified its recent moneta