The Central Bank of Nigeria has announced that the CFA franc has reached its highest level against the Nigerian currency, exceeding 2.45 naira per franc on January 15, 2024.

A stronger CFA franc gives WAEMU investors the opportunity to take advantage of the current situation. Indeed, investors from countries in the franc zone could be tempted to see this as an opportunity, reinforced by a purchasing power that has become more important. This gap in monetary competitiveness can offer interesting prospects to investors in the CFA franc zone living in the UEMOA zone, who are eager to gain exposure to the largest West African financial market. As a result, the Nigeria Stock Exchange, the Lagos Stock Exchange, since the beginning of 2024, has offered an increase in value of 47% to its investors against a loss of 1.9% for