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Nigeria's central bank seen unable to halt naira slide

Looking at laptop cables stashed at his shop in Nigeria's biggest IT market, wholesaler Emmanuel Gabriel wonders how long he can survive the hard currency shortages that are paralyzing Africa's biggest economy. The central bank had entrepreneurs like him in mind when abandoned an overvalued naira peg last month as low oil exports, the country's lifeline, have hammering the currency and public ...
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Added July 22, 2016
from Yahoo Nigerian News