Nigerian Firms Forecast Further Naira Depreciation

A latest Central Financial institution of Nigeria survey reveals that Nigerian companies anticipate 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 in regards to the naira’s fast future, […]



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