| Nigeria is under pressure to devalue its currency in order to aid growth and investment in Africa’s largest economy. According to reports, the United States intends to press the West African nation to lower the naira in order to create more flexibility in its foreign exchange.
The two countries are set to hold talks in Washington on Wednesday that will primarily focus on the West African country’s economy, security and development. Africa’s largest economy is facing its worst economic crisis in years pegged to the tumbling of global oil prices. A number of analysts and the members of the central bank monetary policy committee (MPC) have called for the devaluation of the currency, a move President Muhammadu Buhari is against...............................................Full Article: Source
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