1 min readBy Ebere Melum-Nwogbo
CBN Rejects Fixed Naira Target, Market Forces Must Determine Value
Central Bank of Nigeria (CBN) has said that it will not target a predetermined exchange rate for the naira, insisting that the currency's value should be determined by market conditions and underlying economic fundamentals.
Central Bank of Nigeria (CBN) has said that it will not target a predetermined exchange rate for the naira, insisting that the currency's value should be determined by market conditions and underlying economic fundamentals.
About this article
- Length
- 34 words · 1 min read
- Published
- September 22, 2026
- Byline
- Ebere Melum-Nwogbo