Thursday 23 October 2014

CRUDE OIL SLIDE THREATENS NAIRA

he effort by the Central Bank of Nigeria (CBN) to prop up the naira months before the 2015 elections is being threatened by the slide in crude oil prices.

The naira has come under intense pressure and has tumbled to within 0.3 per cent of a record low as Brent crude fell to the lowest level in more than four years, reported Bloomberg.

Read more @ Thisday

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