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NAIRA SEEN APPRECIATING TO N1200 AGAINST DOLLAR IN 12 MONTHS SAYS GOLDMAN SACHS
The report stated that the forecast is hinged on a combination of positive real rates, capital inflows, and evidence of a shift to a more orthodox policy set-up.
It said, “we think that Nigeria is turning the corner following its recent currency crisis.”
“These developments have prompted us to shift to a constructive outlook for the Naira, which our FX strategists expect to appreciate to NGN 1200 vs. the USD in 12 months, ” the report said