The Naira is a fat currency of Nigeria, a country in the African region. The Central Bank of Nigeria is the sole issuer of Naira on all the territory of the Federal Republic of Nigeria. In this article, we will quickly analyze Nigeria’s fundamentals that affect the Naira, then switch to price charts and define the most likely scenarios for 2025 Naira price action.
To anticipate trends and price action in general, we need to analyze currencies fundamentally. Since we are trying to predict Naira in the medium to long term, we need fundamental insights. But before we switch to predictions, let’s answer the question: is FX trading profitable at all?
