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Ratings agency S&P says Nigeria can't avoid devaluation, Central Bank won't budge

July 15, 2015 Comments Off on Ratings agency S&P says Nigeria can't avoid devaluation, Central Bank won't budge

Nigeria will have to devalue its currency at some stage, possibly by more than 15 percent, ratings agency Standard & Poor’s said on Wednesday, though it saw the adjustments as likely to be gradual.

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