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LequteMan
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Dwindling oil revenue and loose spending associated with the pre-election period are expected to exert more pressure on the naira, a report has stated.
The report which corroborated the Central Bank of Nigeria’s (CBN’s) concern, also pointed out that pressure on the naira abated in recent weeks partly as a result of the sustained tight monetary conditions in the economy.
The report by the WSTC Financial Services Limited, a dealing member of the Nigerian Stock Exchange (NSE) stated this yesterday.
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The report which corroborated the Central Bank of Nigeria’s (CBN’s) concern, also pointed out that pressure on the naira abated in recent weeks partly as a result of the sustained tight monetary conditions in the economy.
The report by the WSTC Financial Services Limited, a dealing member of the Nigerian Stock Exchange (NSE) stated this yesterday.
Click to see full story
