Part 4/8:
Umuena noted that increased participation from the Central Bank upon launching the platform has further instilled confidence in investors. With greater demand being met at the official exchange rate, there has been a perceived reduction in reliance on the parallel market, thereby stabilizing the Naira's value.
Despite these improvements, Umuena cautioned against overoptimism, suggesting that while the Naira has shown signs of appreciation, caution is warranted. The key aspect to watch will be whether this stability can be maintained into the upcoming year. Achieving consistent trends will be essential for long-term investor confidence.