Current Naira Exchange Rate Is ‘Artificially Low’ – Osinbajo

Nigerian Vice President Yemi Osinbajo recently warned that the country’s official naira exchange rate of N411 for every dollar is artificially low. This exchange rate, according to Osinbajo, discourages foreign exchange entrance into the country. Consequently, Vice President Osinbajo says he wants the Central Bank of Nigeria (CBN) to allow

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