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…

Kwakol - The Implication of Subsidy Removal, Naira Devaluation

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

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May 12, 2016 – Jide Salu's Diary

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

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NECA, oil marketers to FG: Shun pride, review fuel subsidy removal

Nigeria's currency has fallen to a record low as inflation surges