Economy

Investors are looking to devalue the currency

Analysts are considering how soon a devaluation may happen and how deep it will be, following the removal late Friday of a policy chief whose unorthodox policies included propping up the naira and banning access to foreign exchange for imports. The currency steadied Monday at 471.80 per dollar, having fallen for three weeks to hit a record low. Bloomberg reported on Monday that speculation over a…
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