IMF, First Bank Seek Unified Exchange Rate for Nigeria

The International Monetary Fund has recommended a unified exchange rate to strengthen Nigeria's macro economy and external reserves. <br />IMF Representative for Nigeria, Mr Ari Aisen, canvassed complementary macroeconomic and structural policies to preserve competitiveness gains from any exchange rate adjustment in the country. <br />The Managing Director/CEO, First Bank of Nigeria Limited, Mr Gbenga Shobo, said the Nigerian financial market has evolved over the years and the time has come to build strategies around which it will bring desired results for all to see and benefit from it. <br />The Executive Director, Chief Risk Officer, First Bank Limited, Olusegun Alebiosu, said the bank is committed to supporting federal government efforts to drive economic growth.