New year, old worries for naira

Micheal Ani, Hope Ashike, Okafor Endurance and Gbemi Faminu Jan 11, 2021

Other upside factors that support a benign naira outlook include the proposed bilateral facilities expected from Brazil and a possible Eurobond issuance in 2021.

Nigeria’s currency, the naira, ran into troubled waters in 2020, and although the New Year is widely expected to be better than the last, there are some familiar challenges lying in wait for the currency. Nigeria devalued its currency a record three times against the dollar last year, and the general consensus of analysts is…

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