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Bloomberg writes on the Devaluation of the Naira, says excitement is short-lived as Nigeria economy sinks further

Bloomberg writes on the Devaluation of the Naira, says excitement is short-lived as Nigeria economy sinks further International business website, Bloomberg, has written a new article on the recent devaluation of the Naira. According to the magazine, the excitement from the devaluation is shortlived as the Nigerian economy has since sunk further. Read the article below  Optimism that a devaluation of Nigeria’s naira would breathe life into the country’s banking stocks faded almost as quickly as it started. The central bank’s abandoning of a 16-month currency peg was greeted with a world-beating rally in ...
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Added June 30, 2016
from Linda Ikeji Blog