Nigeria Views

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Budget: Initial Thoughts

Finance Minister Ngozi Ikonjo-Iweala presented the 2014 federal budget on December 19 2013. Below are our initial thoughts on the key assumptions underpinning the budget.

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Long-Term Risks To The Naira

The Nigerian naira has recovered from its 2013 lows of around NGN164.00/US$ in September to trade at NGN158.53/US$ on the interbank market at the time of writing on December 4. Although this recovery...

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