{"id":167874,"date":"2025-09-25T07:12:09","date_gmt":"2025-09-25T07:12:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/167874\/"},"modified":"2025-09-25T07:12:09","modified_gmt":"2025-09-25T07:12:09","slug":"citi-sees-rate-cut-putting-naira-under-modest-pressure-next-year","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/167874\/","title":{"rendered":"Citi Sees Rate Cut Putting Naira Under Modest Pressure Next Year"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Nigeria\u2019s naira could come under modest pressure next year after stabilizing in 2025 as the nation\u2019s central bank cuts rates gradually and crude prices fall, <a href=\"https:\/\/www.bloomberg.com\/quote\/C:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Citigroup Inc.<\/a> said.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The currency of Africa\u2019s top oil producer may weaken to between 1,650 per dollar and 1,700 per dollar by mid next year, David Cowan, Citi\u2019s African economist, ex-South Africa said in a note to clients on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"Nigeria\u2019s naira could come under modest pressure next year after stabilizing in 2025 as the nation\u2019s central bank&hellip;\n","protected":false},"author":2,"featured_media":167875,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[5684,4815,45,49,48,4492,7897,46,81021,135,9316,100,4990,5687,17709],"class_list":["post-167874","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-africa","tag-august","tag-business","tag-ca","tag-canada","tag-citigroup-inc","tag-currency","tag-economy","tag-generic-1st-cl-future","tag-inflation","tag-interest-rates","tag-markets","tag-monetary-policy","tag-nigeria","tag-us-dollar-spot"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/167874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=167874"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/167874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/167875"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=167874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=167874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=167874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}