The naira may experience some level of pressure in the next six months due to an expected easing cycle by the monetary authorities and a seasonal demand for foreign exchange for summer overseas, according to Norrenberger, an advisory and asset management firm.
In its recently released economic outlook, the Abuja-based firm, noted that the renewed U.S. protectionist policies under President Donald Trump, including the reimposition of tariffs on certain countries, may lead to a stronger U.S. dollar, thereby exerting downward pressure on emergi
