Naira Forwards Hint Nigeria May Be Next To Devalue: Chart – Bloomberg - Business - Nairaland
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| Naira Forwards Hint Nigeria May Be Next To Devalue: Chart – Bloomberg by spinola(op): 6:43am On Jan 08, 2016 |
Could Nigeria be the next major oil producer in Africa to devalue its currency? Traders in the currency’s forwards market seem to think so. The three-month naira non-deliverable forward price climbed to 238 on Thursday, its highest point since mid-February. The Abuja-Based central bank has held the naira at 197 to 199 per dollar since early March, but recent comments by President Muhammadu Buhari and further falls in oil prices have prompted speculation the central bank could change policy. NDFs are more accessible to foreign investors because they’re traded offshore and exempt from local dealing restrictions on the currency. Africa’s other main oil producer, Angola, devalued earlier this week.
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| Re: Naira Forwards Hint Nigeria May Be Next To Devalue: Chart – Bloomberg by brunofarad(m): 6:45am On Jan 08, 2016 |
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| Re: Naira Forwards Hint Nigeria May Be Next To Devalue: Chart – Bloomberg by spinola(op): 6:50am On Jan 08, 2016 |
brunofarad:God Help Us |
| Re: Naira Forwards Hint Nigeria May Be Next To Devalue: Chart – Bloomberg by seunny4lif(m): 6:52am On Jan 08, 2016 |
I abeg una make only one person explain am cos I no go school Only one person ni before una go dey shout Baba this baba that  |
| Re: Naira Forwards Hint Nigeria May Be Next To Devalue: Chart – Bloomberg by AdeniyiA(m): 6:55am On Jan 08, 2016 |
Pointer to the actualization of what TB JOSHUA has said the president would eventually succumb to... |
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