How economic policy shifts are influencing Forex activity in Nigeria

Nigeria’s economy has undergone major change over the past few years, with policy reforms reshaping everything from business confidence to consumer spending habits.
Among the areas most affected has been the foreign exchange market, where traders are paying closer attention to currency movements than ever before.
As policymakers attempt to address long-standing economic challenges, including infrastructure constraints such as unreliable power supply , changes in monetary and fiscal policy are creating new opportunities as well as new uncertainties. The result is a growing level of engagement with foreign exchange markets across the country.
A new era of currency reform
One of the...