- Nigerian businesses are optimistic about the macroeconomic environment.
- They expect the Naira to depreciate in the current month, next month, and the next three months.
- However, they expect the Naira to appreciate in the next six months.
- Businesses are pessimistic about the volume of business activities, financial conditions, and access to credit.
- The Construction Sector expressed optimism on its operations in November 2024.
- Businesses plan to employ more workers in December 2024, with the Agriculture sector having the highest prospect for expansion.
Nigerian businesses are bracing themselves for a potential decline in the value of the Naira this month, according to a recent report by the Central Bank of Nigeria (CBN) . The report suggests that businesses expect the Naira to depreciate not just this month, but also in the next month and the next three months . However, there’s a glimmer of hope – businesses anticipate that the Naira will appreciate in value within the next six months .
