Citigroup Sees Vanishing Nigerian Deals on Devaluation Fears

  • Mergers and acquisitions plummet on naira devaluation fears
  • Buying opportunity emerging, Citigroup's Azevedo says

Citigroup Inc. said deals in Nigeria, Africa’s biggest oil producer, have plummeted because investors are too scared to spend money when it’s expected that the naira will have to be devalued.

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