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Datanomics
@Datanomics
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Naira Forecast for Strongest Gain in Nearly a Decade Bloomberg reports the naira, recently at 1,328.92 per dollar, could gain 12% overall this year thanks to higher oil prices and rising remittances. Supporters like presidential aide Bayo Onanuga call it welcome progress, while critics highlight how it traded much stronger in 2023 before exchange rate unification caused depreciation. Despite recent strengthening and growing reserves, many note ongoing high living costs make the improvement feel limited for everyday Nigerians.
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