Nov 29 (Lagos) - A Central Bank of Nigeria (CBN) survey has shown that private sector operators expect the naira to further depreciate and inflation to increase further before the end of the year.
According to the survey titled, Business Expectations Survey (BES) for fourth quarter, 2016, firms that participated expect the Naira to further weaken in the current quarter, but to strengthen in the next quarter.
However, inflation and borrowing rates were expected to rise in both the current and next quarters.
reporting for easykobo.com on Tuesday, Nov 29 2016 from Lagos, Nigeria
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