By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Rating services firm, Standard & Poor’s said on Thursday Nigeria will have to devalue the naira at some point in 2016 and in gradual adjustments, according to a Reuters report. The report affirmed that investors have seen a devaluation of the naira as long overdue […]
Tag: devalue
Nigeria central bank to buck pressure to devalue naira
* Governor Sanusi to leave central bank in 10 months * National elections in 2015 may hurt naira (Adds comments from deputy central bank governor) Nigeria’s central bank will resist pressure to devalue the naira since it retains ample funds to defend the currency, a central bank spokesman said, and […]
