Nigeria denies report of plan to devalue Naira; no request for IMF fund

by | May 16, 2016 12:45 pm

Nigeria’s central bank denied a report that it planned to devalue the naira, while the International Monetary Fund (IMF) reiterated that Nigeria would benefit from a more flexible exchange rate but said no request for funds had been made. Talk of a devaluation has been rife since Vice President Yemi Osinbajo said last Wednesday the…

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