CBN may devalue naira by 10% – Standard Chartered

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“Clearly the FX market is constrained but we are seeing some positive development lately with higher oil prices. Nigeria may consider resetting the currency and can see 10 percent depreciation from N414 to around N450-460 in 2022.”

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senior Investment Strategist at Standard Chartered, Abhilash Narayan, has said the Central Bank of Nigeria may be seen to devalue the naira by as much as 10 per cent in 2022.

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Eecolomist

Naira too dey see life. 🤓🤓🤣🤣🤣🤣

This is where cryptocurrency comes in, Nigerians should learn to convert and save their money in USDT to help preserve its long term value.

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