Macro Analysis /
Nigeria

Nigeria's depreciating naira and the CBN's next move

  • Since the CBN's recent unorthodox policies, the naira has taken a turn for the worse in the parallel market

  • Recent data releases show that foreign investors have continued to steer clear of the Nigerian market

  • Investors will watch the rescheduled MPC meeting today closely for signs of what the CBN's next big move will be

Nigeria's depreciating naira and the CBN's next move
Janet Ogunkoya
Janet Ogunkoya

Senior Research Analyst

Patrick Curran
Tellimer Research
17 September 2021
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