Opinion: Naira cheer is short-lived as economy sinks

by Emele Onu Optimism that a devaluation of Nigeria’s Naira would breathe life into the country’s banking stocks faded almost as quickly as it started. The central bank’s abandoning of a 16-month currency peg was greeted with a world-beating rally in the nation’s shares on expectations foreign investors would return to Africa’s largest economy. It didn’t... Read More