The Nigerian currency, the Naira, is projected to depreciate to a weighted fair value of ₦1,804.45 in the coming year as tendency of volatility persists. This is according to a new report by Lagos-based investment and research firm Afrinvest titled: ‘Beyond The Rhetorics: Transforming Reforms to Tangibles’. The research company revealed that while the gross foreign reserves have risen above $40 billion, “we anticipate that exchange rate volatility would persist in 2025 albeit at a modest pace”. “Our prognosis is hinged on the belief that the CBN would be constrained…
Read MoreNaira to hit ₦1,804/$ on 2025 volatility projections – Report
