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Nigeria Using Managed-Float Forex Regime, Central Bank Says

Godwin Emefiele
Godwin EmefielePhotographer: Chris J. Ratcliffe/Bloomberg
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Nigeria has not changed its foreign exchange policies from a managed float to a flexible regime, Central Bank Governor Godwin Emefiele said Tuesday.

A report concluding that the country has adopted a flexible foreign-exchange rate based on comments by Finance Minister Zainab Ahmed is wrong, according to the Governor.