Naira Gains Value As Foreign Currency Inflows Ascend By 8.2% To $1.19 Billion

The Nigerian naira experienced a strengthening across the various foreign exchange platforms, as newly released data indicated that the influx of United States dollars expanded by approximately 8.2% on a week-over-week basis, reaching $1.19 billion. The exchange rate at the immediate settlement market faced considerable pressures in the preceding weeks, primarily due to a scarcity … Continue reading Naira Gains Value As Foreign Currency Inflows Ascend By 8.2% To $1.19 Billion