Nigerian Firms Forecast Further Naira Depreciation

A current Central Financial institution of Nigeria survey reveals that Nigerian companies count on the naira to weaken additional earlier than strengthening in late 2024 or early 2025. This pessimism comes regardless of the CBN injecting hundreds of thousands into the foreign exchange market. The naira’s depreciation has fueled inflation, sparking protests. Whereas most companies are pessimistic concerning the naira’s speedy future, […]



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