P
ProfRem
Guest
Nigerian business enterprises have expressed hope of a strong recovery for the Naira this year as they expect the national currency to gain strength in the next quarter.
Their optimism was contained in second quarter Business Expectations Survey Report of the Central Bank of Nigeria (CBN) recently released.
The Business Expectations Survey (BES) was conducted during the period May 1st to 13th, 2016. A total of 1,950 firms were surveyed nationwide, drawn from the updated survey frames of both CBN and the National Bureau of Statistics (NBS).
A response rate of 99.5 per cent was achieved during the reporting quarter, and covered the industry, construction, wholesale/retail trade and services sectors.
The BES report is coming at a time the CBN introduced a flexible foreign exchange policy aimed at recovering the value of the Naira and further strengthening it against the United States dollar.
Their optimism was contained in second quarter Business Expectations Survey Report of the Central Bank of Nigeria (CBN) recently released.
The Business Expectations Survey (BES) was conducted during the period May 1st to 13th, 2016. A total of 1,950 firms were surveyed nationwide, drawn from the updated survey frames of both CBN and the National Bureau of Statistics (NBS).
A response rate of 99.5 per cent was achieved during the reporting quarter, and covered the industry, construction, wholesale/retail trade and services sectors.
The BES report is coming at a time the CBN introduced a flexible foreign exchange policy aimed at recovering the value of the Naira and further strengthening it against the United States dollar.
