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BUA Chairman Predicts Naira Strengthening Amid Reforms

9/25/2025

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Summary

Story summary

Abdul Samad Rabiu, Chairman of BUA Group, predicts the naira will strengthen to ?1,300–?1,400 per US dollar by year-end.
Rabiu praised Tinubu's bold, decisive reforms, noting positive outcomes for businesses and the currency.
Rabiu noted improved access to foreign exchange through international banking channels, reducing reliance on the Central Bank of Nigeria, and urged continued reforms to strengthen the economy.

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Story summary

Abdul Samad Rabiu, Chairman of BUA Group, predicts the naira will strengthen to ?1,300–?1,400 per US dollar by year-end.
Rabiu praised Tinubu's bold, decisive reforms, noting positive outcomes for businesses and the currency.
Rabiu noted improved access to foreign exchange through international banking channels, reducing reliance on the Central Bank of Nigeria, and urged continued reforms to strengthen the economy.