Nigeria may have to allow a 10 percent yearly depreciation in the naira and adopt what economists call a crawling peg to fix a protracted crisis in its foreign exchange market that has spooked foreign investors and raised the cost of doing business in the import-dependent country.
The recommendat
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```