Concerns as EIU reveals how the naira would trade in 2024

  • A new report by the Economic Intelligence Unit (EIU) has stated that the naira would see a massive decline in 2024
  • It highlighted that Egypt, Angola, Ethiopia, and Sudan would also see their currencies decline for a stated period
  • It added that the rate of decline would depend on how each of the economies play out and specific policies put in place

Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.

The Economic Intelligence Unit (EIU) predicted that the naira would depreciate by 10% or more in 2024.