(EnergyAsia, September 5 2011, Monday) — The Nigerian government may have to consider devaluing the currency, the naira, if oil prices remain weak and it increases import of equipment and parts to develop the country’s road and rail infrastructure, according to Renaissance Capital.Ina research report, the investment firm said the central bank of Africa’s largest…
NIGERIA: Currency devaluation a possibility on weak oil price, rising merchandise imports
Posted on September 5, 2011 by EnergyAsia