Naira Continues to Fall as Africa's Largest Bank Predicts FX Rate for 2024
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#f4e83713 ver:1.59

The Nigerian Naira continues to fall, reaching N1,478.11 per dollar in the official market and N1,520 per dollar in the parallel market. Financial experts predict it could reach N2,000 per dollar by year-end without intervention. The lack of foreign exchange sales to BDC operators by the CBN is blamed for the depreciation. Africa's richest man, Aliko Dangote, has seen his net worth drop by KSh 339.4 billion due to the poor performance of the Naira. Standard Bank predicts a capital influx in H2 2021 that could stabilize the currency. Concerns about the Nigerian economy and purchasing power are rising. #Naira #Forex #CBN #Economy...

#newstr #Naira #ForeignExchange #CentralBankOfNigeria #BureauDeChange #Currency 

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