The Managing Director of Financial Derivatives Company, Bismarck Rewane, has expressed confidence in the Central Bank of Nigeria’s foreign exchange policies, stating that they are delivering positive results and bringing the naira closer to its fair value.
Speaking on Arise TV’s Global Business Report on Monday, Rewane highlighted the impact of these policies on market stability.
Rewane stated that a Purchasing Power Parity analysis values the naira at ₦1,102.15/$, showing it is 26.35% undervalued.