The Nigerian naira strengthened against the U.S. dollar in the foreign exchange (FX) market on Monday as gross external reserves reached a 36-month high. Data from the FMDQ platform indicated that the naira appreciated by 14 bps to close at NGN 1,539.55 per U.S. dollar. This positive trend was driven by FX intervention sales by … Continue reading Naira Appreciates As External Reserves Reach 3-Year High