Experts Warn Of Stronger Naira As Dollar Falls To Lowest Level In 10 Months

The naira has hit its strongest level in nearly 10 months, lifted by tighter monetary policy and rising foreign reserves. However, a new report by investment bank Renaissance Capital (Rencap) has warned that the currency may now be overvalued by as much as 30%, posing a significant risk to Nigeria’s economic competitiveness. According to Rencap’s […] The post Experts Warn Of Stronger Naira As Dollar Falls To Lowest Level In 10 Months appeared first on The Capital NG.

  Business   Oct 6, 2025   0   5  Add to Reading List
Experts Warn Of Stronger Naira As Dollar Falls To Lowest Level In 10 Months

The naira has hit its strongest level in nearly 10 months, lifted by tighter monetary policy and rising foreign reserves. However, a new report by investment bank Renaissance Capital (Rencap) has warned that the currency may now be overvalued by as much as 30%, posing a significant risk to Nigeria’s economic competitiveness. According to Rencap’s […]

The post Experts Warn Of Stronger Naira As Dollar Falls To Lowest Level In 10 Months appeared first on The Capital NG.

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