‘Nigeria’s forex reserves too low to defend naira’

24 June 2015, Lagos – The Africa Economist/Managing Director, Citi Bank, Mr. David Cowan has predicted a further devaluation of the naira, arguing that the value of the country’s external reserves is too low to sustain the defence of the currency. Specifically, Cowan said the Central Bank of Nigeria would once more devalue the naira […] More »