The Futility on Predicting the Naira’s Stable State by Wall Street Banks

Not sure we should celebrate N1,200/$ since it took Naira about 50 years to get from about N1/$ to N415/$, only to crash to N1,600/$ in 9 months: “Goldman Sachs analysts Andrew Matheny and Bojosi Morule have projected a significant turnaround for Nigeria’s currency, foreseeing a remarkable appreciation to N1,200 against the US dollar within […] The post The Futility on Predicting the Naira’s Stable State by Wall Street Banks appeared first on Tekedia.

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