Nigeria's foreign investors hoping for post-election naira devaluation

By Karin Strohecker LONDON (Reuters) - Tumbling oil prices and political chaos have eroded Nigeria's lure for foreign investors, but they are likely to venture back if authorities will allow what some say is a much-needed currency devaluation. The price of oil -- the source of 70 percent of Nigeria government revenue -- has fallen 60 percent since last June, pushing stocks down by a third over ...
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Added January 30, 2015
from Yahoo Nigerian News