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Thursday, June 13, 2024

Naira grossly undervalued, says CBN Governor.

CBN Governor Olayemi Cardoso asserts that the Naira’s exchange rate is significantly undervalued during the Nigeria Economic Summit’s Outlook Launch for the Nigerian Economy 2024.

Predicting a moderation in inflation this year, Cardoso labels the national currency as “undervalued,” marking his first public economic comments since November.

He outlines the CBN’s inflation-targeting policy, aiming to bring inflation down to 21.4% in 2024

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