Furthermore, Nigeria has exited the debt trap, built up significant external reserves, and the autonomous inflows into the Forex market are such that the CBN has become a marginal player in the forex market. The forex market has become so efficient that Nigeria no longer has multiple currency practices (as defined by the IMF).
This is the first Microfinance Expo organized by the Reserve Bank this year and follows two we had in the maritime zone and at the Suva Hibiscus festival last year.