Standard Chartered sees naira at N685/$ by end of June as reforms speed up

Standard Chartered affirms full compliance with CBN’s N200bn capital rule

Standard Chartered Bank sees the naira trading at N685 per US dollar by the end of June as Nigeria quickens the pace of implementing reforms needed to fix its foreign exchange market. “We now forecast USD-NGN at 685.00 at the end Q2-2023 (from 480 previously), rising to 720 in Q3-2023 (520 prio

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