Solid data were not yet available because the floating rate had only recently replaced the managed exchange rate. So we used some back ... The band is there to guide the response to supply shocks and ...

Foreign currency remained in short supply in the formal market at the prevailing official exchange rate, and a parallel exchange market emerged. Following the recent move to a floating regime ...

Former Vice President Atiku Abubakar has described President Bola Tinubu’s floating exchange rate system as an overkill.

But the challenges became aggravated by the removal of fuel subsidy and the floating of the exchange rate ... at 33.9 per cent and is driven by transportation costs, exchange rate volatility, supply ...