Naira: Foreign investors shun bonds, equity market

03 July 2015, Lagos – The move, meant to conserve foreign exchange, has dashed widely-held expectations of naira devaluation – the central reform that investors had been banking on. Since then 10-year bond yields have jumped 1 percentage point to almost 15 percent, stocks have fallen and the naira’s value is plunging in the parallel market, down […] More »