{"id":144234,"date":"2024-12-29T10:37:18","date_gmt":"2024-12-29T09:37:18","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-to-depreciate-to-n1804-per-dollar-in-2025-report"},"modified":"2024-12-29T11:38:41","modified_gmt":"2024-12-29T10:38:41","slug":"naira-to-depreciate-to-n1804-per-dollar-in-2025-report","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-to-depreciate-to-n1804-per-dollar-in-2025-report","title":{"rendered":"Naira to depreciate to N1,804 per dollar in 2025 \u2013 Report"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigerian Naira has been projected to depreciate to N1,804 per dollar fair value at the official market in 2025.<\/p>\n<p>This is according to a recent report by Afrinvest, titled \u2018Beyond The Rhetorics: Transforming Reforms to Tangibles\u2019.<\/p>\n<p>According to the report, the projection is based on the belief that the Central Bank of Nigeria may be constrained in the coming months in meeting up with foreign exchange demands and anticipated FX volatility.<\/p>\n<p>\u201cWe anticipate that exchange rate volatility would persist in 2025, albeit at a modest pace.<\/p>\n<p>\u201cOur prognosis is hinged on the belief that the CBN would be constrained from adequately meeting market demand on a sustained basis, as the recent FX reserves accretion was largely driven by inflows from inorganic sources, including those with stringent conditions on usability,\u201d, the report said.<\/p>\n<p>This comes against the N1,500 per dollar benchmark proposed in the 2025 budget before the National Assembly.<\/p>\n<p>Meanwhile, DAILY POST on Friday reports that the Naira gained at the official market to close at N1,534 per dollar and N1,650 at the black market.<\/p>\n<p>Although Naira fluctuations had remained a constant phenomenon in 2024, the introduction of the Electronic Foreign Exchange Matching System, EFEMS, in October had brought relative stability.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigerian Naira has been projected to depreciate to N1,804 per dollar fair value at the official market in 2025. This is according to a recent report by Afrinvest, titled \u2018Beyond The Rhetorics: Transforming Reforms to Tangibles\u2019. According to the report, the projection is based on the belief that the Central Bank [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":144233,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,28,2660],"tags":[1621,1623,254],"class_list":["post-144234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-to-homepage","tag-dollar","tag-naira","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Naira to depreciate to N1,804 per dollar in 2025 \u2013 Report - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian Naira has been projected to depreciate to N1,804 per dollar fair value at the official market in 2025. 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