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Renowned economist Bismark Rewane says the naira is undervalued by about 13% despite FX reformsThe economist estimates the naira’s fair value at N1,193.22/$ compared with a market rate of N1,374.92/$He says stronger FX inflows and economic fundamentals are needed for the currency to reflect its true value
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Bismarck Rewane the Managing Director of Financial Derivatives Company (FDC) has stated that the naira remains undervalued by over 13% in spite of large-scale FX reforms and currency market stability experienced recently.
Rewane said this during his presentation at the Lagos Business School Breakfast Session held on Wednesday, June 3, 2026.
The economist presented an analysis on the valuation of the naira based on the Purchasing Power Parity(PPP)-the commonly used economic concept used to evaluate currencies.
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