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US to Press Nigeria for Foreign Exchange Rate Flexibility

The United States said on Monday it will press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in Africa's largest economy. U.S. Assistant Secretary of State for Africa, Linda Thomas-Greenfield, told an audience at the U.S. Institute of Peace that Nigeria should ensure the value of the naira currency versus the U.S. dollar was "more realistic." "While most people complain about the possibility of there being a...

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