Category: Nigeria

Nigeria Treasury & FX Update

Following Treasury & FX in Nigeria report summary here of June 2021, availability of hard currency has decreased and the Naira has deteriorated against the US Dollar resulting in a big build up of fast depreciating trapped cash which is very expensive to hedge.… Continue Reading “Nigeria Treasury & FX Update”

Treasury & FX in Nigeria

The immediate trigger for this call was a recent move by the Nigerian central bank, which devalued the naira and made a move to unify the FX market by eliminating the dual rate system, which provided different official rates according to the use of… Continue Reading “Treasury & FX in Nigeria”