African Tycoon Elumelu Says Nigeria’s Currency Becoming Stable

Nigeria’s currency has been stable in recent months, allowing investors to better plan for activities in Africa’s most populous nation, according to tycoon Tony Elumelu.

The naira has hovered between 1,588 and 1,611 per dollar this month, after facing recurrent volatility from 2023 because of devaluations intended to lure inflows and end dollar shortages in Nigeria.