Naira weakens after election postponement   Written by Lukman Otunuga, Research Analyst at FXTM

Feb 18 (Lagos) - The Naira weakened against the Dollar on the forward market today, following the sudden postponement of the Presidential and National Assembly elections over the weekend. With the nation speculated to lose roughly $1 billion in GDP for postponing as result of this, the near-term economic outlook has gone sour. However, it may be too early to jump to any conclusions over what impact this could have on sentiment and macro-economic conditions. The uncertainty from this development will certainly impact Nigerian stocks in the near term.
Written by Lukman Otunuga, Research Analyst at FXTM
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