While reacting, Professor Kingsley Moghalu noted that he hopes that the CBN efforts will continue to bear fruit and gains become sustainable. He went on and made it known that Naira is currently undervalued, noting that our goal as a nation should not be for it (Naira) to be artificially overvalued. CONTINUE FULL READING>>>>>
Prof Kingsley Moghalu made this disclosure in a post he made on his official X handle on Sunday morning. He further noted that if the Naira can appreciate to ₦900 – ₦1200 to a dollar range, it would be a fair value.
He wrote: “Naira is undervalued currently, but our goal should NOT be for it to be artificially overvalued. If we can get to the N900-N1200 to a $ range that would be fair value. I hope @cenbank‘s efforts continue to bear fruit and gains become sustainable. Stability of the rate is key.” CONTINUE FULL READING>>>>>
Leave a Reply