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Subscriber OnlyMarketsNigeria Naira Devaluation Likely Soon on Oil Price SlumpReserves drop seen pushing government to mark down naira in 3QMost respondents expect devaluation of between 10%-15%ByAlonso Soto+FollowMarch 12, 2020, 5:00 AM UTCUpdated onMarch 12, 2020, 9:46 AM UTCSign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterThe Nigerian central bank will be unable to maintain the naira’s value for much longer as a slump in oil prices drains foreign reserves, according to a Bloomberg survey of investors and analysts.
