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Nigeria’s Central Bank Said to Discuss Easing Naira Rules

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Nigeria’s central bank started talks with banks and currency dealers on how to loosen foreign-exchange trading restrictions while still maintaining stability in the naira, people familiar with the discussions said.

The Financial Markets Dealers Association, a Lagos-based industry body, met this week to put a proposal together that may be presented to the regulator as early as next week, two of the people, who asked not to be identified because the talks are private, said.