BusinessDay
Nigeria's leading finance and market intelligence news report.

Here’s How the Oil Crash Is Hitting African Currencies

Oil’s plunge has stung currencies in Nigeria and across other African markets, and there’s probably worse to come with oil price tanking.   For oil and gas exporters especially Nigeria the impact has been immediate. Even Gulf states with long-standing pegs to the dollar, such as Saudi Arabia, are coming under increasing pressure. Crude importers…



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