Electricity prices in Nigeria are expected to rise following the unification of the naira which has led to the depreciation of the naira at the investor and exporter window.
The Central Bank of Nigeria (CBN) recently made an announcement regarding the unification of all segments of Nigeria’s forex market, consolidating all windows into one.
This new system will allow market forces, such as supply and demand, to play a significant role in determining the exchange rate.
These changes were implemented as part of a broader effort to enhance liquidity and stability in the Nigerian Foreign Exchange (FX) Market.
Under the new policy, all transactions will be conducted through the Investors and Exporters (I&E) window, where the exchange rate will be determined by market forces.
