Let me explain:
1. As at last month, Sept 2025, forex traders said that IMTos no longer diverting remittance as oil firms boost dollars supply, thereby impacting the naria.
2. $600m monthly diaspora remittance also boosting Dollars supply. I hail our brothers and sisters in UK, USA, Canada etc.
3. Crude oil production rose to 1.8million BdP.
Mind you, we are heading towards December, when alot of detty December will be happening and a lot of inflow of dollars from abroad.
I predict a forward appreciation of naria to 1400 naria to $1 if all things being equal.
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