Oil currencies have been hammered since crude prices crashed in
mid-2014, and none more so than Nigeria’s naira. It’s lost almost half
its value against the dollar, the most among the currencies of OPEC
members and more than Russia’s ruble, which is down 47 percent. For
foreign investors, that may be a cue to re-enter the West African
country as a weaker currency makes its bonds and stocks cheaper.
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