Nigeria naira weakness may persist in face of cbank moves

By Chijioke Ohuocha LAGOS (Reuters) - Nigeria may need to attract back foreign inflows if moves by the central bank to hike reserve requirements on public sector deposits are to achieve their aim and boost its embattled naira currency. The naira has lost 2 percent since May, as offshore investors pulled out of bonds and equities, initially on signals from that the U.S. Federal Reserve that it ...
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Added August 06, 2013
from Yahoo Nigerian News