Is Devaluation of the Naira Next after #FuelSubsidy removal? – Jide Salu's Diary

Nigeria's government may be forced to devalue the currency, the naira, in one of the next steps to deal with the economic crisis in the country.  That's the view Malte Liewerscheidt, the senior Africa analyst at UK-based risk consultancy Verisk Maplecroft, expressed following the decision by President Muhammadu Buhari's administration to scrap fuel subsidies.  He said:  The government…

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Nigeria: 2022 Article IV Consultation-Press Release; Staff Report

Nigeria: 2022 Article IV Consultation-Press Release; Staff Report

May 12, 2016 – Jide Salu's Diary

Africa News: Nigeria Naira (NGN USD) May Devalue Again on Oil

Naira dips further, exchanges for N1,590/$ - Businessday NG

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Nigeria: 2022 Article IV Consultation-Press Release; Staff Report

Nigeria's latest devaluation may be 'turning point' in currency reform

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A familiar story: Currency devaluation, subsidy cuts worsen