Economists have said the devaluation of Nigeria's currency, naira, is inevitable in 2022 as lower oil production puts pressure on the nation’s reserves.
The price of Bonny Light, Nigeria’s premium oil grade, has surged to $88 per barrel, the highest since 2014, but Africa’s biggest economy
```
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.
```