Nigeria’s current account surplus widened to USD 5.14 bln in Q2, up from a revised USD 3.38 bln in Q1, bringing the surplus as a percentage of GDP to 11.5% from 7.3%. Meanwhile, the naira hit a fresh low against the dollar, slipping more than 8% to 1,699 per USD as businesses reduced their exposure to the US currency. Afrinvest West Africa predicts the naira may further weaken to 1,700-1,800 per USD by year-end.