Traders Aren't Yet Calling an End to Nigeria's Naira Problem
- Central bank governor, finance minister are bullish on naira
- Turn in oil and emerging-market bullishness are risks: Ashmore
A currency dealer counts bundles of naira banknotes
Photographer: Tom Saater/BloombergThis article is for subscribers only.
Nigerian officials are increasingly confident the naira’s troubles are over for good. Some investors disagree.
Portfolio inflows have risen in the past three months with crude prices increasing above $60 a barrel and money managers taking heart from a new foreign-exchange trading window, in which the naira has converged with the black-market rate.