Abuja - Research has revealed that the Naira may be devalued in 2015 as a result of US Federal Reserve’s tapering policy and reduction in forex reserves, Venture Africa reports.
A $8 billion decline in Nigeria’s forex reserves is a probability, according to research carried out by leading Emerging Markets & Frontiers investment bank, Renaissance Capital projects.
The research further revealed that the devaluation may happen after the general elections in 2015, and not before because of the country's high dependence on importation.
Read more at Venture Africa
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