The Nigerian naira slumped to record low on Thursday, Dec. 17 after the Central Bank of Nigeria (CBN) directed commercial banks to limit how much customers can spend abroad using their debits cards. Under the new directive, individuals can only spend $100 to $150 abroad daily or $12,000 annually, down from the $50,000 set by the central bank in April and $150,000 before then. The CBN’s intention is to hold the naira’s value but if there is anything the new directive will do, it is discouraging foreigners from investing in the country......

http://thenerveafrica.com/2155/nigerias-president-buhari-has-lessons-to-learn-from-mauricio-macri-of-argentina/