Experts explain why the naira is not N1,000/$1 or better despite stronger reserves, increased oil earnings

Nigeria’s stronger oil earnings and rising foreign exchange reserves have improved the country’s external position, but the naira has remained above N1,300 to the dollar, raising questions about why higher dollar inflows have not translated into a significantly stronger exchange rate. The post Experts explain why the naira is not N1,000/$1 or better despite stronger reserves, increased oil earnings appeared first on Nairametrics.