Nigeria’s rigged FX markets threaten economic rebound

by | October 3, 2016 12:50 am

When the Organisation of Petroleum Exporting Countries (OPEC) decided last Wednesday to cut production after a meeting in Algiers it led to a surge in the currencies of oil producing nations. The Canadian dollar (CAD), Russian ruble and Norwegian krone (NOK) led gains on the day of the decision while the Brazilian real (BRL) and…

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