For the CBN, have the Chickens finally Come Home to Roost?
So Nigeria has not fallen over because it was de-listed from the J.P Morgan Emerging Markets, Government Bond Index (EM-GBI). JP Morgan suggested that Nigeria’s foreign exchange regime has lacked desirable levels of liquidity and transparency; they also suggested that Nigeria lacked a fully functional two-way market. CBN refuted the JP Morgan claims avowing that […]