Nigeria: producers hit by falling prices now face naira devaluation

Nigeria: producers hit by falling prices now face naira devaluation
Published: 09 June 2016


The devaluation of the naira – agreed in principle by the Central Bank of Nigeria in May – will hit Nigerian producers’ revenues, Bernstein warns. The decision to revalue marks a reversal of course by the government, which had for some time faced calls to allow the currency to depreciate.

To continue reading this story and have 100% free access to the CemNet.com website, please Register for a subscription to International Cement Review or Login