The naira has weakened against the dollar due to Trump's tariff turmoil and downturn in global oil prices, prompting uncertainty in investment strategy among holders of naira assets.
However, analysts suggest the depreciation remains within expected bounds for economies with similar profiles and anticipate a stabilization in the near term.
“I think the 5-7% depreciation of the naira is in line with other currencies of similar economies. If we were falling beyond where other markets have, then maybe a concern would exist,” Zeal Akaraiwe, C
