Naira Gains Broad Support As FX Markets React To Growth Outlook And Reform Momentum

Nigeria’s currency recorded a broad-based recovery on Thursday as foreign exchange markets adjusted to expectations of stronger economic expansion driven by ongoing macroeconomic reforms and improving fundamentals. Trading activity showed the naira touching an intraday low of ₦1,418 per dollar, reflecting a notable absence of heavy international payment pressures during the session. The local currency … Continue reading Naira Gains Broad Support As FX Markets React To Growth Outlook And Reform Momentum