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Nigerian Firms Forecast Further Naira Depreciation

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Nigerian Firms Forecast Further Naira Depreciation
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Nigerian Firms Forecast Further Naira DepreciationA recent Central Bank of Nigeria survey reveals that Nigerian businesses expect the naira to weaken further before strengthening in late 2024 or early 2025. This pessimism comes despite the CBN injecting millions into the forex market. The naira’s depreciation has fueled inflation, sparking protests. While most businesses are pessimistic about the naira’s immediate future, […]

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Author: Terence Zimwara

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