Nigeria introduced new financial strategies that could further the naira’s recent gains. The central bank announced the sale of USD to Bureaux de change at unprecedented rates since the year’s onset and prohibited using USD collateral for naira loans, barring Eurobonds by the government and foreign bank guarantees. A separate directive set the sale price for Bureaux de change at 1,101 naira per USD, against a backdrop of an official rate of 1,251 naira.