Nigeria has applied changes to its FX trading, aiming to bridge the gap between the official and unofficial naira rates. The country’s financial crimes watchdog has authorized the Association of Bureaux de Change Operators of Nigeria to post naira exchange rates against the USD online publicly. This move reverses previous efforts to control Burauex de change and limit the visibility of the unofficial market. The naira rates will now be more accessible online, part of Nigeria’s wider strategy to transition from a managed exchange rate and unify the two markets.