The Nigerian Naira: From Despair to Hopeful Projection

The Nigerian Naira: From Despair to Hopeful Projection

In January 2024, the naira faced grim prospects, with predictions of a plunge to N3000/$ and doubts about its future viability. Some even proposed drastic measures like scrapping the currency. However, economic analysts now believe that the naira is nearing its lowest point, with more potential for recovery than further decline.

They…

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