Nigeria’s naira fell to a record after the West African nation’s decision to postpone elections increased risks the continent’s worst-performing currency will be devalued. The naira retreated as much as 1.5 percent to 199.10 per dollar before paring losses to trade at 199.01 by 11:12 a.m. in Lagos. The currency is depreciating for a seventh day to the weakest level since Bloomberg started compiling the data in January 1999, extending losses this year to 7.8 percent, the most among 24 currencies tracked by Bloomberg. “Traders are seeing higher uncertainties in the market with the postponement of the election,” Lanre Buluro, head of research at Primera Africa Securities Ltd., said by phone from Lagos. “There is speculation on the naira with many buying dollars in anticipation of imminent devaluation before the election or after.” Investors are delaying decisions to commit money to Nigeria as escalating violence by the […]