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Confidence Builds That The Naira Has Finally Found Its Footing - BLOOMBERG

JANUARY 16, 2025


  • Niferia’s currency has hovered in narrow range for past month
  • Foreign cash being lured by high rates which likely to persist

A year after an eyewatering slide against the dollar, the naira is enjoying a rare run of stability and analysts expect it to last.

Nigeria’s battered currency has lost 70% against the greenback since foreign-exchange controls were relaxed in 2023, including a steep depreciation 12 months ago.

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