Sunday June 29, 2025

Nigerian Firms Forecast Further Naira Depreciation

Nigerian Firms Forecast Further Naira Depreciation

by Terence Zimwara August 24, 2024 1 min read

(Originally posted on : Bitcoin News )

A 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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