FX uncertainty slows investment as market players await CBN’s policy action

Market participants are anxious over the extent of correction that may be needed in the Naira foreign exchange rate, and are reluctant to commit to new investment projects until this correction has been seen, according to Razia Khan, Managing Director, Head – Africa Macro Global Research, Standard Chartered Bank, London . NGN FX indicator as revealed by Standard Chartered-MNI Business Sentiment Indicator (BSI) falls to a series low in May 2015. The…

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