High Interest Rates and Weak Naira to Sustain Trade Surplus and Capital Inflows Through Early 2025 – Analysts
Economic analysts project that Nigeria’s trade surplus and foreign portfolio investment (FPI) inflows will persist into Q4 2024 and early 2025, driven by the weakened Naira, robust global demand for crude oil, and a high-interest-rate environment. While these factors present opportunities for foreign exchange earnings and trade balance, they pose challenges for domestic investment and … Read more