“We’re aware of an issue causing inaccurate conversions for Nigerian Naira currency. “The refinery takeoff, expected in 2020, will help in reversing the exchange rate losses, just as the country has achieved through rice production. Since they have fixed currency rate with Euro and Cefas, most of them change to Naira and convert to dollar. But we also know that there are fundamental issues that cannot be taken away overnight and these issues are directly linked with exchange rate. They must be solved to support Naira appreciation.

Source: The Guardian February 24, 2019 03:45 UTC