Why Is Nigeria's Naira such a mess?

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Bloomberg Television

Joined: Mar 2024
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Why Is Nigeria's Naira such a mess?


Nigeria’s foreign exchange rate policy has long been as clear as the crude oil that underpins Africa’s largest economy. Businesses and investors have had to contend with multiple exchange rates, contradictory statements from officials and differences of opinion between the central bank and the finance ministry over how the naira should be…

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10 Comments

  1. Bloomberg, Nigeria is not in a mess. At least, there are neither food banks nor food stamps here and most of us use debit cards, not credit cards. How many Americans can boast of that?