Economics
From Venezuelan Crisis to Free Float: Nigeria's Naira Choices
- Goldman predicts the naira will be held for another six months
- Central bank may create second exchange rate, says StanChart
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Oil prices around $30 a barrel. An unprecedented government spending plan. And black-market rates near records.
The pressure on Nigeria’s central bank Governor Godwin Emefiele to scrap the country’s almost one-year-old limits on naira trading and allow the currency to depreciate has become so intense that even the Senate wanted answers at a hearing Jan. 19 in the capital, Abuja.