Monday, 1 December 2014

Naira continous fall......... CBN seems not to be getting it right *phew*



The Naira depreciated further by 2.9 percent closing at 184.05 against dollar today. Analysts speculate that with the continuous fall in oil price and expectations, foreign investors would demand more dollars to pull out of local assets.


Pressure on the currency from lower oil prices risks reigniting inflation, which has stabilised in single digits for the past two years.

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