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Nigeria's currency crisis is fueling a corporate exodus

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Nigeria's Naira Finds Path to Stability After Wild Week

(Bloomberg) Even by the standards of Nigeria’s byzantine foreign-exchange market, it’s been a crazy week for the naira. But as the dust settles, new measures are in place that could prove decisive for the fortunes of the world’s worst-performing currency.Most Read from BloombergDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin DossierA $560 Billion Property Warning Hits Banks From NY to TokyoApple’s China Slump Deepens Even as Total Sales Grow AgainQQQ Up in Late Trading as Meta

Key African Economies to Hold Off From Rate Cuts Until Second Half of 2024

(Bloomberg) African central banks due to decide on interest rates in the next three weeks are poised to maintain tight monetary policies, in contrast to their emerging market peers in Europe and Latin America, who have started cutting. Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining NetflixPakistan’s Army Strikes Back at Iran as Both Sides Urge CalmTrump Asks Supreme Court to Keep Him on Colo

Why Nigeria's Controversial Naira Redesign Policy Hasn't Met Its Objectives - Carnegie Endowment for International Peace

Nigeria Probe of Ex-Central Banker Seen Snaring Dozens of Firms