Nigeria is now operating under one of the longest stretches of a floating exchange rate regime in its history, marking a rare and decisive break from decades of currency mismanagement. It’s been nearly two years since the central bank, under new leadership, dismantled the country’s long-standing capital controls in mid-2023. The move ushered in the most comprehensive and market-determined foreign exchange system since the country first attempted a float in 1986, during the Structural Adjustment Programme. ……. https://businessday.ng/pro/article/nigerias-long-dance-with-devaluation-ends-in-reform-driven-float/