Nigerians Should Expect N2000 to $1 Exchange Rate in 2025

Cheta Nwanze, Founder of SBM Intelligence says Nigerians (individuals and businesses) should expect Naira to Dollar exchange rate of N2000 to $1 in 2025.

Nwanze made the projection in an interview with Semafor Africa on his expectation for the Nigerian economy in 2025

“I expect the economy to grow by 3.5%, driven by services. I also expect inflation to remain high, around 28%, and the Naira may depreciate to above $1 to ₦2000. That combination is likely to fuel social unrest.”

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

AFRACA-NIRSAL Masterclass Builds Financial Institutions’ Capacity for Climate, AI-Driven Agricultural Finance

The African Rural and Agricultural Credit Association (AFRACA), in...

Shell Reinforces Safety Commitment at CEO Contractors Forum

Shell leaders and Contractor CEOs at the Annual Shell...

Guinea Insurance Receives New Licence from NAICOM Post-Recapitalisation

L-R: Ademola Abidogun, Managing Director/CEO, Guinea Insurance Plc and...

AXA Mansard Reports N7.8bn H1 Profit, Capital Base Meets Recapitalisation Threshold

AXA Mansard Insurance Plc has sustained its growth momentum...

AXA Mansard Health Int’l Health Plan Covers Cancer, Other Chronic Health Conditions

 Mr. Tope Adeniyi CEO AXA Mansard Health AXA Mansard Health’s International Healthcare...

Topics

Ecobank Nigeria Wins Deutsche Bank’s Client Excellence Award

Managing Director, Global Head of TFFI and Regional Head,...

NCC, Zoho, Africa Data Centre, IHS for Pan African Digital Summit 

The Nigerian Communications Commission (NCC), the regulator of Nigeria’s...

Ericsson’s CEO Resigns with Immediate Effect

Ericsson's CEO, Hans Vestberg has resigned from the company...

VBank Continues Dominance in Sports Development

The V Shitsuke Flag Football league championship (Season 5)...

Stanbic IBTC Emerges Winner at 2022 Cosmopolitan The Daily Business Awards

Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC...

Sterling Bank: N133bn Earning Caps Impressive 2017 Performance

Sterling Bank Plc released its FY-2017 results, which...

Banks’ Non-Performing Loans Top N1.6Tr in June 2016

Banks operating in Nigeria accumulated non-performing loans of over...

Africa Insurance & Reinsurance Conference for Kenya

The 6th Annual Africa Insurance & Reinsurance Conference 2016,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img