The naira rose by around 5% against the US dollar in the foreign currency market as FX liquidity pressures eased. According to spot data from the FMDQ platform, the local currency rose 4.49% to close at N1,561.76 per US dollar in the official market. The rally, which was one-sided between the official and parallel markets, … Continue reading Naira Continuous Surge Pushes Exchange Rates Gap to N123