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Economy / Nigeria

Macroeconomic Forecast Nigeria

July 2009 | Macroeconomic Forecasts

BMI View: The Nigerian naira has slipped through the crucial NGN150.00/US$ level, and we see depreciation of the naira towards the parallel exchange rate of NGN155.00/US$, before easing back to our end-09 target of NGN150.00/US$. With oil prices forecast to gain in 2010, we see further appreciation towards NGN145.00/US$.

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