Financial agency predicts shocking naira-dollar exchange rate by December 2024

  • The continued decline of the naira against major currencies in Nigeria is a cause for concern to the government and Nigerians in general
  • Agusto & Co has predicted that the forex crisis in Nigeria may eventually stabilise by the end of the year
  • The agency noted that it expects the CBN to raise MPR by around 19 per cent, given the need to manage inflation

Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.

Despite the ongoing foreign exchange crisis in Nigeria, Agusto & Co has given an optimistic projection for Nigeria’s naira/dollar exchange rate.