Economics
Nigeria Devaluation Bets Tempered as Emefiele Keeps Naira's Peg
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Suddenly, the possibility of a more than 20 percent slump in Nigeria’s currency is off the cards, for now at least.
Traders on Tuesday lowered their expectations on the size of a naira devaluation as central bank Governor Godwin Emefiele stuck to his policy of keeping a stable exchange rate.