Tag
FX STABILITY
After two bruising years in which foreign exchange volatility and sky-high finance costs forced some of Nigeria’s most reliable dividend payers to slam the brakes on shareholder rewards, the tide may finally be turning.
According to expert projections, Nigeria’s headline inflation rate is expected to moderate slightly in May 2025, following a marginal easing in April to 23.71%.
The Nigerian naira depreciated further against the US dollar at the official foreign exchange market, closing at N1,609/$1 on Tuesday, May 6, 2025.
A review of Nigeria’s trading partners over the past decade shows that in recent times, specific to Imports, the proportion of goods being imported has shifted from the western countries to the east of the world (think Asia).