Hard choices as Nigeria’s liquidity crunch deepens | glObserver Global Economics

Nigeria is in a tough spot. Oil prices are falling, President Buhari is six months into his term and has only begun to form a cabinet and foreign exchange reserves are dwindling. The naira, the national currency, is under increasing pressure to devalue once again – an eventuality the country’s leaders are resisting.

Sourced through Scoop.it from: globserver.cn

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Author: globserver

Director of Eyecom china

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