Finally, the long awaited devaluation for the Naira.

http://www.bloomberg.com/news/articles/2016-05-24/nigeria-central-bank-to-allow-greater-flexibility-in-fx-market

More bluntly:

Official: CBN “Floats” The Naira, What It Means!

300-400 or lower? frightening numbers to say the least, but not realistic.

The world is starved of yield.  US, EU, & Japanese banks will have to come back in sooner or later.

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