CBN survey shows businesses expect naira appreciation against dollar in six months

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A survey conducted by the Central Bank of Nigeria indicates that businesses are optimistic about the naira's appreciation against the U.S. dollar over the next six months. However, challenges such as high borrowing costs, insecurity, and multiple tax burdens continue to impact economic activity in the country.

Nigeria’s businesses expect the naira to gradually strengthen against the United States dollar in the coming months, even as elevated borrowing costs, insecurity, and multiple taxation continue to pressure economic activity. The post CBN survey shows businesses expect naira appreciation against dollar in six months appeared first on Nairametrics.