Bismark Rewane, an economist and Chief Executive Officer of Financial Derivatives, says Nigeria\u2019s currency has stabilized.<\/p>\n
Rewane spoke during an interview on Channels Television Business Morning on Thursday.<\/p>\n
He said the strength of the naira in the last months is due the Central Bank of Nigeria\u2019s monetary framework and transparency in the country\u2019s foreign exchange market.<\/p>\n
Rewane noted that everyone seems to agree that the Nigeria\u2019s economy is leaping its way out of crisis.<\/p>\n
\u201cThe currency is strengthened because of the discipline in the monetary policy framework and explicit inflation targeting and having a transparent foreign exchange market.<\/p>\n
\u201cIf we didn\u2019t have that by now, Nigeria\u2019s inflation data would be frightening to those of us domestically and internationally. But right now everybody seems to align that the Nigerian economy is leaping its way out of crisis,\u201d he stated.<\/p>\n
Rewane\u2019s remarks come as Nigeria\u2019s inflation dropped to 22.22 percent<\/a> in June 2025.<\/p>\n