Due to pressures on external reserves and a foreign exchange supply crisis driven mostly by low oil prices, the Central Bank of Nigeria abandoned its fixed rate policy on June 20, 2016.
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[fa icon="calendar'] Jan 23, 2017 @ 03:52 PM / by Lauren Basler
Due to pressures on external reserves and a foreign exchange supply crisis driven mostly by low oil prices, the Central Bank of Nigeria abandoned its fixed rate policy on June 20, 2016.