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Nigeria’s budget deficits fueling naira depreciation, CBN study finds

Nigeria’s budget deficits fueling naira depreciation, CBN study finds
Photo: Nairametrics · view original

Nigeria’s rising budget deficits are a major driver of exchange rate depreciation and exert delayed upward pressure on interest rates, according to a study published in the Central Bank of Nigeria (CBN) Journal of Applied Statistics. The post Nigeria’s budget deficits fueling naira depreciation,...

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