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FOREX STABILITY

Stakeholders in Nigeria’s telecommunications sector are anticipating more investments this year on the back of the relative stability recorded in the forex market towards the end of 2024. 
Nigeria recorded a current account surplus of $5.14 billion, or 11.46% of GDP, in Q2 2024, representing a significant improvement from the $3.38 billion (7.35% of GDP) surplus reported in the previous quarter.
Chinwe Egwim, spoke on the economic agenda of the new administration and how to attract foreign investment for seeking forex stability.