CBN Predicts New Naira Rate as Currency Depreciates by 70% against Dollar

CBN Predicts New Naira Rate as Currency Depreciates by 70% against Dollar …C0NTINUE READING HERE >>>

Nigerian businesses expect the naira to weaken between now and December, but to strengthen the next yearBusinesses encountered challenges such as high interest rates, insufficient electricity supply, many levies, and othersAccording to the data, Nigeria’s annual inflation rate decreased to 33.4% in July, the first slowdown in nearly two years

Henzodaily.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

A Central Bank of Nigeria…

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