Pressure on Naira Seen Easing by Nigeria Central Bank After Vote
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Portfolio inflows to Nigeria jumped since last month’s presidential elections, easing pressure on the currency of Africa’s biggest oil producer, according to the central bank.
“There is more confidence that the economy will grow as the outlook of foreign investors is very upbeat,” Emmanuel Ukeje, director of financial markets in Abuja at the Central Bank of Nigeria, said in an e-mailed response to questions on Monday. “The inflows will be sustained.”