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MTN expects naira to be devalued after 2015 election

Published by The Nation on Thu, 08 May 2014


MTN Group Limited (MTN), Africa's largest phone operator, said Nigeria's currency will probably be devalued after next year's election and the move will boost the company's import costs in its biggest market. Declining oil exports and prices means that the central bank of Africa's biggest crude producer will face difficulties in keeping the naira stable ...The post MTN expects naira to be devalued after 2015 election appeared first on The Nation.
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