Nigeria’s naira has steadied after one of the most turbulent stretches in its history, but the reprieve is raising a harder question for policymakers: whether or not to push the naira higher or focus on keeping it predictable.
With inflation still elevated and capital flows rebounding, economists and analysts polled by BusinessDay say the Central Bank of Nigeria faces a delicate choice — chase appreciation to ease import costs and signal strength, or entrench stability at current levels to preserve credibility and avoid another cycle of dist
