How naira's depreciation nears FG's expectation for 2024 budget

  • The Nigerian currency, the naira, lost about N15.74 on Friday, January 12, 2023, to close at N890.54 per dollar
  • The current exchange rate is close to the projected benchmark by the Nigerian government in the 2024 budget
  • The federal government projected N750 per dollar in the budget, which was later raised to N800/$ by the National Assembly

Pascal Oparada has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy.

The Nigerian currency’s depreciation on Friday, January 12, 2024, is close to the expected benchmark by the Nigerian government for the 2024 budget.